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controlled by their executives, and firms withgreater financial strength prior to restructuring. The former two are consistent …
Persistent link: https://www.econbiz.de/10009468590
tightly controlled by their executives, and firms with greater financial strength prior to restructuring. The former two are …
Persistent link: https://www.econbiz.de/10009451086
tightly controlled by their executives, and firms with greater financial strength prior to restructuring. The former two are …
Persistent link: https://www.econbiz.de/10005585747
We survey the empirical literature on corporate financial restructuring, including breakup transactions (divestitures … type, we survey techniques, deal financing, transaction volume, valuation effects and potential sources of restructuring … costly diversification discount. The empirical evidence shows that the typical restructuring creates substantial value for …
Persistent link: https://www.econbiz.de/10010693713
This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...
Persistent link: https://www.econbiz.de/10010271860
In this paper, we ask how antitrust immunity subject to a carve-out affects collusion incentives in international airline alliances. We show that the gains from economies of density due to higher interline traffic under the alliance strengthen the incentive to collude on the interhub segment,...
Persistent link: https://www.econbiz.de/10010278832
The paper deals with the remedies that the EC Remedies notice 2008 discusses with respect to the vertical or horizontal operations of concentration. It deals both with the European practice and the Italian practice. The merger remedies are aimed at removing the competition concerns that mergers...
Persistent link: https://www.econbiz.de/10011113974
This paper offers the first formal economic analysis of carve-outs under airline antitrust immunity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...
Persistent link: https://www.econbiz.de/10008514310
This paper offers the first formal economic analysis of carve-outs under airline antitrust im- munity. Carve-outs are designed to limit the potential anticompetitive effects of cooperation by alliance partners in hub-to-hub markets, where they provide overlapping nonstop service. While the paper...
Persistent link: https://www.econbiz.de/10008533998
In this paper, we ask how antitrust immunity subject to a carve-out affects collusion incentives in international airline alliances. We show that the gains from economies of density due to higher interline traffic under the alliance strengthen the incentive to collude on the interhub segment,...
Persistent link: https://www.econbiz.de/10009320776