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sign and magnitude of stock movements to particular merger announcements. A common method of conducting the event study is …
Persistent link: https://www.econbiz.de/10014026837
We analyze the welfare effects of structural remedies on merger activity in a Cournot oligopoly if the antitrust agency …
Persistent link: https://www.econbiz.de/10010533038
Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and … consumer welfare. This paper explores the need for more flexible remedies to address changing markets after mergers. While the … EU permits some flexibility with less restrictive remedies, we conceptually advance the design elements of a dual …
Persistent link: https://www.econbiz.de/10014376055
recently, the European Commission (“Commission”) used its powers under the EU Merger Regulation (“EUMR”) to impose remedies in …This paper looks at whether the standard unilateral effects model can be applied to non-price competition parameters … such as innovation. This question arises because competition authorities are intervening in horizontal mergers that are …
Persistent link: https://www.econbiz.de/10012852989
finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the …
Persistent link: https://www.econbiz.de/10013020744
The present article discusses remedies for coordinated effects under the EU Merger Regulation. To this end, it is … divided in three parts. Part I reviews the remedies applied to date by the Commission in coordinated effects cases (I). Part … II discusses the substantive standard against which such remedies are evaluated (II). Part III underlines a number of …
Persistent link: https://www.econbiz.de/10013141111
competition, respectively. …
Persistent link: https://www.econbiz.de/10013370976
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
Non-controlling minority shareholdings in rivals (NCMS) lower the sustainability 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/10012287557
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the Antitrust Agency (AA …) cannot observe a proposed merger's efficiency type. Provided the AA follows a consumer surplus standard, an efficient merger …
Persistent link: https://www.econbiz.de/10011414129