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An empirical assessment of the 2004 EU merger policy reform

Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2012

We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...

Persistent link: https://www.econbiz.de/10010309223

The Evolution of Theories of Harm in EU Merger Control

Duso, Tomaso; Bernhardt, Lea; Piechucka, Joanna - 2024

We discuss the main Theories of Harm in EU merger control and their evolution since the 1990s. We present stylised facts and trends using data extracted from EU merger decisions by natural language processing tools. EU merger policy has adapted over time, both in terms of legislation and...

Persistent link: https://www.econbiz.de/10015047264

An Empirical Assessment of the 2004 EU Merger Policy Reform

Duso, Tomaso; Guglery, Klaus; Szücs, Florian - 2010

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 ?rst propose a general framework to assess merger policy effectiveness, which is based on standard...

Persistent link: https://www.econbiz.de/10010334119

Die Ökonomisierung der Europäischen Fusionskontrolle: Eine Evaluierung

Duso, Tomaso; Szücs, Florian - In: DIW Wochenbericht 81 (2014) 29, pp. 699-704

Aufgabe der Fusionskontrolle ist es, die Interessen der Konsumenten großen Unternehmen gegenüber zu schützen. Um dies besser zu ermöglichen, wurde die Europäische Fusionskontrolle 2004 einer umfassenden Reform unterzogen. Das Ziel war, den Stellenwert ökonomischer Prinzipien bei der...

Persistent link: https://www.econbiz.de/10010378284

Competitiveness and Convergence: Trade, Merger Control, Industry, and Innovation. Reports

Rieth, Malte; Duso, Tomaso; Gornig, Martin; Werwatz, Axel; … - In: DIW Weekly Report 9 (2019) 16/18, pp. 140-147

Persistent link: https://www.econbiz.de/10012014956

Wettbewerbsfähigkeit und Konvergenz: Handel, Fusionskontrolle, Industrie, Innovationen. Berichte

Kritikos, Alexander; Gornig, Martin; Werwatz, Axel; … - In: DIW Wochenbericht 86 (2019) 18, pp. 302-309

Persistent link: https://www.econbiz.de/10012016352

Market Concentration in Europe: Evidence from Antitrust Markets

Affeldt, Pauline; Duso, Tomaso; Gugler, Klaus; … - 2021

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...

Persistent link: https://www.econbiz.de/10012493012

Assessing EU Merger Control through Compensating Efficiencies

Affeldt, Pauline; Duso, Tomaso; Gugler, Klaus; … - 2021

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...

Persistent link: https://www.econbiz.de/10012799703

An empirical assessment of the 2004 EU merger policy reform

Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2010

Basierend auf einer Stichprobe von 326 Fusionsfällen, welche der Europäischen Kommission zwischen Januar 1990 und … der Oligopoltheorie beruht und Fusionen und Fusionskontrollentscheidungen anhand der Reaktionen von Aktienmärkten bewertet … Häufigkeit und Determinanten von Entscheidungsfehlern erster und zweier Ordnung seitens der Kommission, 3) die effektive …

Persistent link: https://www.econbiz.de/10010280556

Die Ökonomisierung der Europäischen Fusionskontrolle: eine Evaluierung

Duso, Tomaso; Szücs, Florian - In: DIW Wochenbericht 81 (2014) 29, pp. 699-704

The role of merger control is to protect the interests of consumers over those of major corporations. To improve this protection, European merger control underwent comprehensive reforms in 2004. The aim was to increase the importance of economic principles in reaching verdicts. An empirical...

Persistent link: https://www.econbiz.de/10011128695