Firms may be able to create new and improved products as a result of merging. These "demand-side efficiencies" should be considered by competition authorities in considering whether to allow a merger. Unlike reductions in costs that merged firms may not pass on to consumers, new and better...

Firms may be able to create new and improved products as a result of merging. These "demand-side efficiencies" should be considered by competition authorities in considering whether to allow a merger. Unlike reductions in costs that merged firms may not pass on to consumers, new and better...

This paper focuses on industries that require intensive investment to compete and innovate well before demand materialises (or fails to do so). In these industries, the existence of exit barriers may cause firms to become “zombies” ex post and result in significant underinvestment ex ante....

Should merger control take account of the current economic and financial crisis? While there are no credible reasons to support a more or less lenient policy, it is important to recognise that the credit crunch may have an impact on (a) the merger rationale, (b) the pro- and anti-competitive...

We discuss and evaluate recent developments and the debate in merger control in the digital markets. Our focus is on the so called 'killer acquisitions' that refer to situations in which a dominant firm acquires smaller start-up rivals with the alleged intention to eliminate potential future...