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merger. Remedies are not always effective in solving the market power concerns, at least not on average. Nevertheless, both … structural (divestitures) and behavioral remedies do help restore effective competition when correctly applied to anticompetitive … assess merger control's effectiveness. By using data gathered from several sources and employing different evaluation …
Persistent link: https://www.econbiz.de/10010365889
prohibitions completely reverse the rents measured around a merger's announcement. On average, remedies seem to be only partially … the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if …
Persistent link: https://www.econbiz.de/10008939212
hypotheses on the effects that remedies are supposed to achieve depending on the merger's competitive outcome. We isolate several …Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking … to proceed with modifications that restore or preserve the competition in the involved markets. We study a sample of 167 …
Persistent link: https://www.econbiz.de/10014061864
concentrations during the period 1990-2002 to assess the effectiveness of European merger control. We analyze the economic effects of … the European Commission's merger control decisions and distinguish between prohibitions, clearances with commitments … quantify the profitability effects of mergers and merger control decisions. The basic idea is to relate announcement and …
Persistent link: https://www.econbiz.de/10014056772
prohibitions completely reverse the rents measured around a merger's announcement. On average, remedies seem to be only partially … Commission appears to learn over time. -- Merger Control ; Remedies ; European Commission ; Event Studies … the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and …
Persistent link: https://www.econbiz.de/10008855860
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the … economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger … assessment of the merger and the merger control decision. We then focus on four different dimensions of effectiveness: 1) legal …
Persistent link: https://www.econbiz.de/10008822615
Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the … economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger … assessment of the merger and the merger control decisions. We then focus on four different dimensions of effectiveness: 1) legal …
Persistent link: https://www.econbiz.de/10009408081
Persistent link: https://www.econbiz.de/10008933717
We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock …) reversion of anti-competitive rents, and 4) deterrence. We apply this framework to 368 merger cases scrutinized by the European … Commission (EC) between 1990 and 2007. To evaluate the economic impact of the change in European merger legislation, we compare …
Persistent link: https://www.econbiz.de/10009551410
We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework …
Persistent link: https://www.econbiz.de/10014188404