Merger control authorities may approve a merger based on a so-called 'efficiency defence'. An important aspect in clearing mergers is that the efficiencies need to be merger-specific. Joint ventures, and in particular research joint ventures (RJVs), may achieve comparable efficiencies possibly...

Die Wettbewerbsfähigkeit der deutschen Industrie ist durch hohe Kosten, strukturelle Herausforderungen und globale Umbrüche stark unter Druck geraten. Gleichzeitig bleiben die Wege zur Rettung des Industriestandortes in den Parteiprogrammen weitgehend unklar. Die wenigen vorgeschlagenen...

The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is expected to increase the productivity of...

The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is expected to increase the productivity of...