The strategic management literature has found it difficult to differentiate between collusive and efficiency-based synergies in horizontal merger activity. We propose a schematic to classify mergers that yields more information on merger types and merger effects, and that can, moreover,...

We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our empirical results suggest that phase-1 remedies uniquely generate robust deterrence as – unlike phase-1 withdrawals, phase-2 remedies, and preventions – phase-1 remedies...

We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our empirical results suggest that phase-1 remedies uniquely generate robust deterrence as – unlike phase-1 withdrawals, phase-2 remedies, and preventions – phase-1 remedies...

This paper presents empirical evidence regarding the effect of endogenous deregulation on productivity. We find that treating deregulation across OECD countries as an exogenous event overestimates the competitive impact of deregulation on productivity by as much as 40%

We investigate the impact of competition policy enforcement on the functioning of European energy markets, and how sectoral regulation influences these outcomes. For this purpose, we compile a new dataset on the European Commission’s (EC) and EU member states’ competition policy decisions,...

In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the alleged abuse of a joint dominant position by strategically withholding generation capacity. The case was settled after E.ON agreed to divest 5,000 MW generation capacity as well as...

Deutschlands Wettbewerbsfähigkeit erodiert, weil die Standortbedingungen für Investitionen nicht mehr stimmen. Das diagnostizieren auch Union und SPD in ihrem Sondierungspapier. Leider zeigt sich, dass die darin vorgeschlagenen Maßnahmen unzureichend und von Partikularinteressen getrieben...