An analysis of the compatibility of global airline alliances with EC- competition policy including merger policy and EC-competition law. Is the Commission’s current approach to prohibit certain restrictive global alliances the optimal solution to the problem of certain alliances’ anti-competitive effects?
This paper tests market power in the banking industry. Price-cost margins predicted by different oligopoly models are calculated using discrete-choice demand estimates of own-price and cross-price elasticities. These predicted price-cost margins are then compared with price-cost margins computed using observed interest rates
Mergers are an increasing phenomenon mainly due to increasing globalization and market competition. Previous research – reporting a high failure rate among mergers – have concentrated on the factors that cause failure or insure success during integration and post merger phases. The