Predicting The Competitive Effects Of Mergers By Listening To Customers

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Predicting the Competitive Effects of Mergers by Listening to Customers

Author : Ken Heyer
Publisher : Unknown
Page : 39 pages
File Size : 40,8 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1291159556

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Predicting the Competitive Effects of Mergers by Listening to Customers by Ken Heyer Pdf

This article explores the role of customers in informing competition authorities and courts about the likely effects of proposed mergers. It discusses when, and about what, customers are most likely to be valuable sources of information. It also discusses the potential limitations of customer testimony. Customer views can certainly be informative. However, they are best employed as a complement to, rather than a substitute for, economic analysis that employs more objective evidence. Although the welfare of consumers appears increasingly to have been accepted by competition authorities as the appropriate goal for merger policy, customers will not necessarily have available the information required to predict the economic consequences of a proposed merger. And even when they do, customers may be reluctant reliably and accurately to provide that information, or to express their true opinions, to investigators and before courts. Worse yet, customers may themselves stand to benefit from mergers that are anticompetitive, or may be harmed by mergers that are welfare-enhancing. Appreciating both the strengths and the limitations of customer input is critical to the cause of sound merger enforcement, not only in the U.S., but overseas as well. A growing number of countries, many of whom have less experience or expertise than do competition authorities in the U.S., have begun to adopt merger control policies themselves, and are in the process of developing and implementing investigative best practices. They, at least as much as we, can benefit from better understanding the advantages, as well as the potential pitfalls, of using the views of customers to help ensure the welfare of consumers.

Predicting the Competitive Effects of Mergers by Listening to Customers

Author : Ken Heyer,U. S. Department of Justice Antitrust Di
Publisher : BiblioGov
Page : 42 pages
File Size : 52,9 Mb
Release : 2013-06
Category : Electronic
ISBN : 1289030464

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Predicting the Competitive Effects of Mergers by Listening to Customers by Ken Heyer,U. S. Department of Justice Antitrust Di Pdf

This article explores the role of customers in informing competition authorities and courts about the likely effects of proposed mergers. It discusses when, and about what, customers are most likely to be valuable sources of information. It also discusses the potential limitations of customer testimony. Customer views can certainly be informative. However, they are best employed as a complement to, rather than a substitute for, economic analysis that employs more objective evidence. Although the welfare of consumers appears increasingly to have been accepted by competition authorities as the appropriate goal for merger policy, customers will not necessarily have available the information required to predict the economic consequences of a proposed merger. And even when they do, customers may be reluctant reliably and accurately to provide that information, or to express their true opinions, to investigators and before courts. Worse yet, customers may themselves stand to benefit from mergers that are anticompetitive, or may be harmed by mergers that are welfare-enhancing. Appreciating both the strengths and the limitations of customer input is critical to the cause of sound merger enforcement, not only in the U.S., but overseas as well. A growing number of countries, many of whom have less experience or expertise than do competition authorities in the U.S., have begun to adopt merger control policies themselves, and are in the process of developing and implementing investigative best practices. They, at least as much as we, can benefit from better understanding the advantages, as well as the potential pitfalls, of using the views of customers to help ensure the welfare of consumers.

Antitrust Law Journal

Author : Anonim
Publisher : Unknown
Page : 776 pages
File Size : 46,9 Mb
Release : 1986
Category : Energy policy
ISBN : UCAL:B5145861

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Antitrust Law Journal by Anonim Pdf

Promoting Competition in Innovation Through Merger Control in the ICT Sector

Author : Kalpana Tyagi
Publisher : Springer
Page : 341 pages
File Size : 52,5 Mb
Release : 2019-06-21
Category : Law
ISBN : 9783662587843

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Promoting Competition in Innovation Through Merger Control in the ICT Sector by Kalpana Tyagi Pdf

This book addresses the question of how competition authorities assess mergers in the Information Communication Technology (ICT) sector so as to promote competition in innovation. A closer look at the question reveals that it is far more complex and difficult to answer for the ICT, telecommunications and multi-sided platform (MSP) economy than for more traditional sectors of the economy. This has led many scholars to re-think and question whether the current merger control framework is suitable for the ICT sector, which is often also referred to as the new economy. The book pursues an interdisciplinary approach combining insights from law, economics and corporate strategy. Further, it has a comparative dimension, as it discusses the practices of the US, the EU and, wherever relevant, of other competition authorities from around the globe. Considering that the research was conducted in the EU, the practices of the European Commission remain a key aspect of the content.Considering its normative dimension, the book concentrates on the substantive aspects of merger control. To facilitate a better understanding of the most important points, the book also offers a brief overview of the procedural aspects of merger control in the EU, the US and the UK, and discusses recent amendments to Austrian and German law regarding the notification threshold. Given its scope, the book offers an invaluable guide for competition law scholars, practitioners in the field, and competition authorities worldwide.

Full Committee Hearing on Health Insurer Consolidation

Author : United States. Congress. House. Committee on Small Business
Publisher : Unknown
Page : 96 pages
File Size : 49,7 Mb
Release : 2007
Category : Business & Economics
ISBN : PSU:000063507294

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Full Committee Hearing on Health Insurer Consolidation by United States. Congress. House. Committee on Small Business Pdf

International Antitrust Law & Policy: Fordham Competition Law 2008

Author : Barry E. Hawk
Publisher : Juris Publishing, Inc.
Page : 746 pages
File Size : 44,5 Mb
Release : 2009-03-01
Category : Antitrust law
ISBN : 9781578232536

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International Antitrust Law & Policy: Fordham Competition Law 2008 by Barry E. Hawk Pdf

Every October the Fordham Competition Law Institute brings together leading figures from governmental organizations, leading international law firms and corporations and academia to examine and analyze the most important issues in international antitrust and trade policy of the United States, the EU and the world. This work is the most definitive and comprehensive annual analysis of international antitrust law and policy available anywhere. Each annual edition sets out to explore and analyze the areas of antitrust/competition law that have had the most impact in that year. Recent "hot topics" include antitrust enforcement in Asia, Latin America: competition enforcement in the areas of telecommunications, media and information technology. All of the chapters raise questions of policy or discuss new developments and assess their significance and impact on antitrust and trade policy. The chapters are revised and updated before publication when necessary. As a result, the reader receives up-to-date practical tips and important analyses of difficult policy issues. The annual volumes are an indispensable guide through the sea of international antitrust law. The Fordham Competition Law Proceedings are acknowledged as simply the most definitive US/EC annual analyses of antitrust/competition law published.

International Antitrust Law & Policy: Fordham Competition Law 2012

Author : Barry E. Hawk
Publisher : Juris Publishing, Inc.
Page : 654 pages
File Size : 41,7 Mb
Release : 2013-02-01
Category : Law
ISBN : 9781578233304

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International Antitrust Law & Policy: Fordham Competition Law 2012 by Barry E. Hawk Pdf

This volume contains articles and panel discussions delivered during the Thirty-Ninth Annual Fordham Competition Law Institute Conference on International Antitrust Law & Policy. About the Proceedings: Every October the Fordham Competition Law Institute brings together leading figures from governmental organizations, leading international law firms and corporations and academia to examine and analyze the most important issues in international antitrust and trade policy of the United States, the EU and the world. This work is the most definitive and comprehensive annual analysis of international antitrust law and policy available anywhere. The chapters are revised and updated before publication, where necessary. As a result, the reader receives up-to-date practical tips and important analyses of difficult policy issues. The annual volumes are an indispensable guide through the sea of international antitrust law. The Fordham Competition Law Proceedings are acknowledged as simply the most definitive US/EC annual analyses of antitrust/competition law published. Each annual edition sets out to explore and analyze the areas of antitrust/competition law that have had the most impact in that year. Recent "hot topics" include antitrust enforcement in Asia, Latin America: competition enforcement in the areas of telecommunications, media and information technology. All of the chapters raise questions of policy or discuss new developments and assess their significance and impact on antitrust and trade policy.

Collective Dominance and Collusion

Author : Marilena Filippelli
Publisher : Edward Elgar Publishing
Page : 363 pages
File Size : 43,6 Mb
Release : 2013-01-01
Category : Law
ISBN : 9781781956052

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Collective Dominance and Collusion by Marilena Filippelli Pdf

By examining the issue of collusion in EU and US competition law, this book suggests possible strategies for improving the antitrust enforcement against parallelism, by exploiting the most advanced achievements of economic analysis. The book contains a suggested approach to collusion, in ex ante and ex post perspectives. By moving from the analysis of the state of art, in terms of law, case law, and scholarship, Marilena Filippelli analyses inconsistencies and failures in the current antitrust enforcement toward collusion and develops a workable parameter for the issue of collective dominance. The most innovative part of this work goes beyond the analysis itself of collective dominance and involves the interference of arts. 101 and 102. The conclusion is a re-definition of the relationship between those rulesÑfrom dichotomy to redundancy. Finally, the book highlights the antitrust significance of semi-collusion, as a strategy made of collusion and competition. The author considers economic models equaling, as for the effects, collusion and semi-collusion and the case law supporting the qualification of semi-collusion as a species of collusion. The analysis involves both US and EU systems, under the highly topical economic-oriented approach. It also contains an original view of European antitrust prohibitions. Because of its contents and its approach, this book will be attractive to every academic interested in antitrust law. Moreover, the well-documented research on parallelism, involving law, case law and scholarship, makes this book interesting also for competition authorities and antitrust lawyers.

Cold Case Files

Author : Wayne R. Dunham
Publisher : Unknown
Page : 28 pages
File Size : 52,8 Mb
Release : 2007
Category : Cartels
ISBN : STANFORD:36105063706340

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Cold Case Files by Wayne R. Dunham Pdf

Ordered Bargaining

Author : Alexander Raskovich
Publisher : Unknown
Page : 52 pages
File Size : 44,5 Mb
Release : 2006
Category : Competition
ISBN : STANFORD:36105063810803

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Ordered Bargaining by Alexander Raskovich Pdf

Does Antitrust Need to be Modernized?

Author : Dennis W. Carlton
Publisher : Unknown
Page : 30 pages
File Size : 48,9 Mb
Release : 2007
Category : Antitrust law
ISBN : STANFORD:36105063706357

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Does Antitrust Need to be Modernized? by Dennis W. Carlton Pdf

Symposium, Beyond Biology

Author : Anonim
Publisher : Unknown
Page : 404 pages
File Size : 48,7 Mb
Release : 2008
Category : Forensic genetics
ISBN : STANFORD:36105063756584

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Symposium, Beyond Biology by Anonim Pdf

Modelling European Mergers

Author : Peter A. G. van Bergeijk,Erik Kloosterhuis
Publisher : Edward Elgar Publishing
Page : 240 pages
File Size : 44,9 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 1781958939

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Modelling European Mergers by Peter A. G. van Bergeijk,Erik Kloosterhuis Pdf

Modelling European Mergers presents a comprehensive and fresh perspective on the economic analysis of mergers by leading academics and competition policymakers from Europe and the US. The book frankly discusses the pro's and con's of using applied game theory models in merger control from a historical and theoretical perspective. Seven case studies on the actual use of advanced techniques and models in legal procedures provide a perspective from the national competition authorities in Belgium, Denmark, Italy. The Netherlands and Sweden on markets that range from basic goods such as bread and aperitifs to complex products such as electricity, literature and software. The case studies provide many insights into practical issues such as data collection, procedures and errors of predication, as well as in the relative merits of different econometric approaches. A recurring theme of the book is how economic insights insights can be translated into convincing legal decisions.