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The welfare implications of vertical mergers have been a subject of disagreement for decades. Similar to horizontal … mergers, economists need to weigh the efficiency gains relative to the market power concerns when considering the competitive … effects of vertical mergers. However, in vertical mergers, regulators are also concerned with other potential harmful effects …
Persistent link: https://www.econbiz.de/10013370976
In the 1990s, European merger regulation (EMR) was biased against foreign acquirers, especially if the deal harmed … 2004. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC's protectionism from …
Persistent link: https://www.econbiz.de/10013118344
This article revisits the protectionism hypothesis related to the European merger regulation (EMR). In the 1990s, EMR … to have blocked mergers between US companies which have been approved by the US authorities. In addition, in 2002, the … EC in the 1990s. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC …
Persistent link: https://www.econbiz.de/10013109990
Persistent link: https://www.econbiz.de/10011720109
The present article discusses remedies for coordinated effects under the EU Merger Regulation. To this end, it is …
Persistent link: https://www.econbiz.de/10013141111
The analysis of unilateral effects in horizontal mergers — especially on markets for differentiated goods — can take … is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather …
Persistent link: https://www.econbiz.de/10013020744
Persistent link: https://www.econbiz.de/10012834447
We discuss and evaluate recent developments and the debate in merger control in the digital markets. Our focus is on …
Persistent link: https://www.econbiz.de/10012861701
This article finds that non-controlling minority shareholdings among competitors lower the sustainability of collusion. This is the case under an even greater variety of situations than was indicated by earlier literature. The collusion destabilizing effect of minority shareholdings is mainly...
Persistent link: https://www.econbiz.de/10011524013
Non-controlling minority shareholdings in rivals (NCMS) lower the sus- tainability of collusion under a wide variety of circumstances. Nevertheless, NCMS are sometimes deemed to facilitate collusion, in particular if the level of NCMS is exogenous. The present paper endogenizes firms' choice of...
Persistent link: https://www.econbiz.de/10011992347