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would likely be more competitive than the actual world; (2) that their basis for unwinding the merger was sufficiently … heavy evidentiary burdens if they sought to break a company up on the premise that a long-consummated merger was unlawful … from the outset and should have been blocked years ago. Specifically, they would have to prove (1) that the but-for world …
Persistent link: https://www.econbiz.de/10012846800
their tendency to raise prices. Yet efficiencies are said to be rarely decisive in actual merger decision-making. Moreover …, the economic analysis of merger efficiencies lags far behind that of anticompetitive effects. This article addresses this … analytical gap, drawing attention to the merger specificity of both efficiencies and anticompetitive effects, the teachings of …
Persistent link: https://www.econbiz.de/10013237386
consumer privacy as a factor in their merger reviews and to challenge mergers of firms with large stores of personal data that … cannot be factored into the merger review process in a way that is consistent with longstanding precedent. There are also … where firms differentiate themselves through their approaches to privacy, a merger could reduce the incentive of a merged …
Persistent link: https://www.econbiz.de/10014135331
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
The importance of economics to the analysis and enforcement of competition policy and law has increased tremendously in the developed market economies in the past forty years. In younger and developing market economies, competition law itself has a history of twenty to twenty-five years at most...
Persistent link: https://www.econbiz.de/10011689074
post-merger R&D efforts (including lower expenditure). SIEIC is distinct from the mainstream unilateral effects theory of … recently, the European Commission (“Commission”) used its powers under the EU Merger Regulation (“EUMR”) to impose remedies in … the Dow/DuPont merger. This was in part because of concerns that that the transaction “would be likely to significantly …
Persistent link: https://www.econbiz.de/10012852989
, we address three research questions: (i) Is the current development of analyzing industry with its recent merger activity … merger control in this industry, as well as a more active abuse control against already vertically-integrated media companies. …
Persistent link: https://www.econbiz.de/10012011207
antitrust agencies’ merger-enforcement guidelines is based on several faulty premises and appears to presuppose a preferred … outcome: stronger (rather than optimal) merger enforcement. It also telegraphs an attempt by the agencies to pronounce as … RFI misconstrues the role of merger guidelines, which is to reflect the state of the art in a certain area of antitrust …
Persistent link: https://www.econbiz.de/10013291322
This article finds that non-controlling minority shareholdings among competitors lower the sustainability of collusion. This is the case under an even greater variety of situations than was indicated by earlier literature. The collusion destabilizing effect of minority shareholdings is mainly...
Persistent link: https://www.econbiz.de/10011524013
Non-controlling minority shareholdings in rivals (NCMS) lower the sus- tainability of collusion under a wide variety of circumstances. Nevertheless, NCMS are sometimes deemed to facilitate collusion, in particular if the level of NCMS is exogenous. The present paper endogenizes firms' choice of...
Persistent link: https://www.econbiz.de/10011992347