Mergers, Merger Control, and Remedies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Mergers, Merger Control, and Remedies write by John Kwoka. This book was released on 2014-12-19. Mergers, Merger Control, and Remedies available in PDF, EPUB and Kindle. A comprehensive analysis of merger outcomes based on all empirical studies, with an assessment of the effectiveness of antitrust policy toward mergers. In recent decades, antitrust investigations and cases targeting mergers—including those involving Google, Ticketmaster, and much of the domestic airline industry—have reshaped industries and changed business practices profoundly. And yet there has been a relative dearth of detailed evaluations of the effects of mergers and the effectiveness of merger policy. In this book, John Kwoka, a noted authority on industrial organization, examines all reliable empirical studies of the effect of specific mergers and develops entirely new information about the policies and remedies of antitrust agencies regarding these mergers. Combined with data on outcomes, this policy information enables analysis of, and creates new insights into, mergers, merger policies, and the effectiveness of remedies in preventing anticompetitive outcomes. After an overview of mergers, merger policy, and a common approach to merger analysis, Kwoka offers a detailed analysis of the studied mergers, relevant policies, and chosen remedies. Kwoka finds, first and foremost, that most of the studied mergers resulted in competitive harm, usually in the form of higher product prices but also with respect to various non-price outcomes. Other important findings include the fact that joint ventures and code sharing arrangements do not result in such harm and that policies intended to remedy mergers—especially conduct remedies—are not generally effective in restraining price increases. The book's uniquely comprehensive analysis advances our understanding of merger decisions and policies, suggests policy improvements for competition agencies and remedies, and points the way to future research.
John Kwoka's Mergers, Merger Control, and Remedies
John Kwoka's Mergers, Merger Control, and Remedies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook John Kwoka's Mergers, Merger Control, and Remedies write by Michael Vita. This book was released on 2016. John Kwoka's Mergers, Merger Control, and Remedies available in PDF, EPUB and Kindle. John Kwoka's recently published Mergers, Merger Control, and Remedies (2015) has received considerable attention from both antitrust practitioners and academics. The book features a meta-analysis of retrospective studies of consummated mergers, joint ventures, and other horizontal arrangements. Based on summary statistics derived from these studies, Kwoka concludes that domestic antitrust agencies are excessively tolerant in their merger enforcement; that merger remedies are ineffective at mitigating market power; and that merger enforcement has become increasingly lax over time. We review both his evidence and his empirical methods, and conclude that serious deficiencies in both undermine the basis for these conclusions.
Kwoka's Mergers, Merger Control, and Remedies
Kwoka's Mergers, Merger Control, and Remedies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Kwoka's Mergers, Merger Control, and Remedies write by Michael Vita. This book was released on 2018. Kwoka's Mergers, Merger Control, and Remedies available in PDF, EPUB and Kindle. John Kwoka's Mergers, Merger Control, and Remedies is a meta-analysis of “retrospective” academic studies of consummated mergers and other horizontal arrangements. Based on this meta-analysis, Kwoka strongly criticizes federal enforcement policies, claiming that the agencies permit far too many anticompetitive mergers to go unchallenged, and are far too willing to accept remedies that fail to prevent a significant loss of competition. Kwoka claims further that this excessive leniency is culmination of a trend reflecting deliberate policy choices made over the last several decades.In a forthcoming critique, Vita & Osinski challenge Kwoka's analysis and his conclusions, identifying serious flaws in the size, construction, and composition of his sample, and in the statistical analysis of the data drawn from that sample. In a published response to Vita & Osinski, Professor Kwoka offers a number of objections and counter-arguments. In this rejoinder, I respond to Professor Kwoka.
Remedies in EU Competition Law
Remedies in EU Competition Law - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Remedies in EU Competition Law write by Damien Gerard. This book was released on 2020-07-10. Remedies in EU Competition Law available in PDF, EPUB and Kindle. By their nature, remedies are central to competition law enforcement and represent the yardstick against which the efficiency of the overall system can be measured. Yet very rarely have remedies been treated in a horizontal and comprehensive manner from the combined perspectives of substance, process and policy. The present volume, developed in partnership with the College of Europe’s Global Competition Law Centre (GCLC), provides coherent, practical, and authoritative commentaries by leading experts from the GCLC’s incomparable network. The contributions – originally presented at the 2019 GCLC annual conference – examine remedies to assess the overall effectiveness of competition law enforcement in merger, antitrust and State aid matters. The overall topic is presented under five headings: objectives and limitations of remedies; types of remedies in competition law enforcement; implementation and process; ex post assessment of remedies and policy lessons; and national and international approaches. The high-profile and wide-ranging group of authors includes the Director-General of the European Commission’s competition department, lawyers from major international firms, and well-known economists and academics specialising in competition law. With a sharp focus on how to make competition rules work well in today’s digital environment, this systematic and coherent analysis illuminates an issue that we need to fully grasp and understand in order to make sense of competition policy, law and enforcement in the years and decades to come.
Controlling Mergers and Market Power
Controlling Mergers and Market Power - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Controlling Mergers and Market Power write by John Kwoka. This book was released on 2020-05-05. Controlling Mergers and Market Power available in PDF, EPUB and Kindle. This is an important and timely contribution from a prominent antitrust economist and policy advisor. It has been many decades since questions about antitrust enforcement have been so prominent in political, economic, and scholarly debate. Mergers in countless industries, rising concentration throughout the economy, and the dominance of tech giants have brought renewed attention to the role and the responsibility of antitrust policy.
