Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/59505 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorDuso, Tomasoen
dc.contributor.authorGugler, Klausen
dc.contributor.authorSzücs, Florianen
dc.date.accessioned2012-06-26-
dc.date.accessioned2012-06-26T11:00:09Z-
dc.date.available2012-06-26T11:00:09Z-
dc.date.issued2012-
dc.identifier.isbn978-3-86304-057-4en
dc.identifier.urihttp://hdl.handle.net/10419/59505-
dc.description.abstractWe propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply this framework to 368 merger cases scrutinized by the European Commission (EC) between 1990 and 2007. To evaluate the economic impact of the change in European merger legislation, we compare the results of the four tests before and after its introduction in 2004. Our results suggest that the 'more economic approach' resulted in improved ex-ante predictability of decisions and a reduction of the frequency of type I errors. Merger policy enforcement deters anti-competitive mergers without over-deterring pro-competitive transactions. Yet, the policy shift away from prohibitions, which are effective as a policy tool and as a deterrent mechanism, does not seem to be well-grounded.en
dc.language.isoengen
dc.publisher|aHeinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE) |cDüsseldorfen
dc.relation.ispartofseries|aDICE Discussion Paper |x58en
dc.subject.jelL4en
dc.subject.jelK21en
dc.subject.jelC13en
dc.subject.jelD78en
dc.subject.ddc330en
dc.subject.keywordmerger controlen
dc.subject.keywordregulatory reformen
dc.subject.keywordEU Commissionen
dc.subject.keywordevent-studyen
dc.subject.stwFusionskontrolleen
dc.subject.stwReformen
dc.subject.stwWirkungsanalyseen
dc.subject.stwWettbewerben
dc.subject.stwSchätzungen
dc.subject.stwEU-Staatenen
dc.titleAn empirical assessment of the 2004 EU merger policy reform-
dc.typeWorking Paperen
dc.identifier.ppn718207939en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:dicedp:58en

Datei(en):
Datei
Größe
762.06 kB





Publikationen in EconStor sind urheberrechtlich geschützt.