Showing 301 - 310 of 1,026,027
In this paper, we analyse data on global M&A deals for the last four years, from 2007 to 2010 to understand what are the trends and to answer the question - does a global financial slowdown increase the number of mergers or decrease it? We find that the number of mergers across the globe has...
Persistent link: https://www.econbiz.de/10010632353
for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …
Persistent link: https://www.econbiz.de/10003909293
In this paper, we discuss from an economic perspective two alternative views of restrictions of competition by sports associations. The horizontal approach views such restrictions as an agreement among the participants of a sports league with the sports association merely representing an...
Persistent link: https://www.econbiz.de/10010257231
regulators, but also shareholders and managers, should be interested in managing antitrust risks in banks in order to avoid … competition law infringements. Therefore, this article sets out an approach to assessing the residual risk of antitrust non … management activities. It also shows how antitrust risk management can be implemented in banks' governance structures using the …
Persistent link: https://www.econbiz.de/10011377828
There are legal grounds to hear competitors in merger control proceedings, and competitor involvement has gained significance. To what extent this is economically sensible is our question. The competition authority applies some welfare standard while the competitor cares about its own profit. In...
Persistent link: https://www.econbiz.de/10010492989
Competition agency guidelines, policy statements and related advocacy are an important vehicle for policy expression and the guidance of firms across the full spectrum of anti-competitive practices and market conduct. The role of guidelines and policy statements has, arguably, been particularly...
Persistent link: https://www.econbiz.de/10011810287
Antitrust regulators play a critical role in protecting market competition. We examine whether the political process … affects antitrust reviews of merger transactions. We find that acquirers and targets located in the political districts of … powerful U.S. congressional members who serve on committees with antitrust regulatory oversight receive relatively favorable …
Persistent link: https://www.econbiz.de/10012064904
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His … it to the other side of the market and eliminating producer's surplus - that much needed antitrust action has been … ignored by this narrow criterion. This analysis indicates that antitrust action is long overdue after considering two …
Persistent link: https://www.econbiz.de/10012804859
Competition authorities impose substantial penalties on firms engaging in illegal pricefixing. We examine how basing cartel fines on either revenue, profit, or price overcharge influences cartel and market prices, as well as cartel incidence and stability. In an infinitely repeated Bertrand...
Persistent link: https://www.econbiz.de/10015211665
How does antitrust enforcement against patent-based monopolies affect innovation? I address this question by … empirically studying the US antitrust case against Xerox, the monopolist in the market for plain-paper copiers. In 1975, Xerox was …
Persistent link: https://www.econbiz.de/10014479185