Divestitures have received little attention in ex-post evaluations of mergers. In partial remedy we simulate the … effects of the Carlsberg-Pripps merger in the Swedish beer market and compare the predicted outcomes with those observed ex …-post. There are no important price increases following the merger and prices of divested beers fell. Our merger simulations, that …

In this article, we discuss the specific economic mechanisms underlying how mergers might affect the merging parties …' incentives to innovate ex post. We then discuss these mechanisms in the context of several illustrative merger reviews and …'s decision to challenge the merger. And, finally, to provide specific guidance to antitrust practitioners on navigating agency …

’s merger law. Its concern is that currently the law is insufficient to block mergers that, in its view, present serious market … context for that debate, briefly pointing to the economic principles on which Australian merger policy is founded and tracing … the of development of Australia’s current merger law …

attack mergers raises the question of whether merger enforcement has been ineffective. But there is another explanation. The … developed when it comes to mergers involving nascent competitors. Merger analysis under Hart-Scott-Rodino is a predictive …We tend to think of mergers and monopolization as separate and distinct branches of antitrust. Using Section 2 to …

The two leading merger systems - those of the United States and the European Union - treat the potential benefits and … risks of mergers asymmetrically. Both systems require considerably greater proof of efficiencies than they do of potential … principle has important systemic effects for merger control. Not only does it stand in the way of some socially desirable …

We analyze horizontal mergers when the acquirer holds a passive partial ownership stake (PPO) in the target firm prior … to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the …

effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems …

appropriate simulation model for any given merger proposal. Due to the inevitable necessity to reduce real-world complexity and … multi-parameter character of merger cases, the comparative fit of proposed merger simulation models with mutually … regarding two aspects. First, the scope for partisan economic evidence cannot be completely eroded in merger control. Second …

effects. -- merger simulation ; merger control ; antitrust ; oligopoly theory ; auction models ; mergers & acquisitions … employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems …

this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy …Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro Framework (FSF) relies …, regarding its policy conclusions, on the assumption that rational agents will only propose privately profitable mergers. If this …