25 Ergebnisse, ab 11
DIW Economic Bulletin 15 / 2016

EU Competition Policy Enforcement Supports Investment in the Energy Sectors

Energy sectors—primarily power generation and gas production, but also energy transmission and distribution—require significant capital investment in infrastructure. Market structures as well as the degree of competition and regulation are key factors that determine firms’ incentive to invest. Yet the empirical research on the link between these factors and private investment is still quite scarce, ...

2016| Tomaso Duso, Jo Seldeslachts, Florian Szücs
Diskussionspapiere 1738 / 2018

Common Ownership and Market Entry: Evidence from Pharmaceutical Industry

Common ownership - where two firms are at least partially owned by the same investor - and its impact on product market outcomes has recently drawn a lot of attention from scholars and practitioners alike. Theoretical and empirical researchsuggests that common ownership can lead to higher prices. This paper focuses on implications for market entry. To estimate the effect of common ownership on entry ...

2018| Melissa Newham, Jo Seldeslachts, Albert Banal-Estanol
Diskussionspapiere 1674 / 2017

The Impact of Competition Policy Enforcement on the Functioning of EU Energy Markets

We investigate the impact of competition policy enforcement on the functioning of European energy markets, and how sectoral regulation influences these outcomes. For this purpose, we compile a new dataset on the European Commission’s (EC) and EU member states’ competition policy decisions, and combine it with firm- and sector-level data. We find that EC merger policy has a positive and robust impact ...

2017| Tomaso Duso, Jo Seldeslachts, Florian Szücs
Diskussionspapiere 1664 / 2017

A Retrospective Evaluation of the GDF/Suez Merger: Effects on Gas Hub Prices

We present an ex-post analysis of the effects of GDF’s acquisition of Suez in 2006 created one of the world’s largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing barriers to entry and facilitating access to the hub through ownership unbundling were an important part of the ...

2017| Elena Argentesi, Albert Banal-Estanol, Jo Seldeslachts, Meagan Andrews
Diskussionspapiere 1523 / 2015

Effective European Antitrust: Does EC Merger Policy Generate Deterrence

We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our empirical results suggest that phase-1 remedies uniquely generate robust deterrence as – unlike phase-1 withdrawals, phase-2 remedies, and preventions – phase-1 remedies lead to fewer merger notifications in subsequent years. Furthermore, the deterrence effects of phase-1 remedies ...

2015| Joseph Clougherty, Tomaso Duso, Miyu Lee, Jo Seldeslachts
Diskussionspapiere 1460 / 2015

What Clients Want: Choices between Lawyers' Offerings

We analyze a client's choice of contract in auctions where Dutch law firms compete for cases. The distinguishing feature is that lawyers may submit bids with any fee arrangement they prefer: an hourly rate, a fixed fee or a \mixed fee," which is a time-capped fixed fee plus an hourly rate for any additional hours should the case take longer than expected. This format of selling legal services is unusual ...

2015| Flóra Felsö, Sander Onderstal, Jo Seldeslachts

Economic Impact of Competition Policy Enforcement on the Functioning of Telecoms Markets in the EU: Final Report

Brussels: European Union, 2017, 190 S. | James Allen, PaoloBuccirossi, Tomaso Duso, Fabio Fradella, Alessia Marrazzo, Mattia Nardotto, Salvatore Nava, Jo Seldeslachts

The Economic Impact of Enforcement of Competition Policies on the Functioning of EU Energy Markets: Non-technical Summary and Technical Report

Brussels: European Union, 2016, 224 S. | Charu Wilkinson, Tomaso Duso, Jo Seldeslachts, Elena Argentesi, Florian W. Szücs, Albert Banal-Estanol, Veit Böckers, Meagan Andrews
Externe referierte Aufsätze

A Retrospective Evaluation of the GDF/Suez Merger: Effects on the Belgian Gas Hub

In: The Energy Journal (2020), im Ersch. | Elena Argentesi, Albert Banal-Estañol, Jo Seldeslachts
Externe referierte Aufsätze

Transformational Strategies and Productivity Growth: A Transformational‐Activities Perspective on Stagnation in the New‐Normal Business Landscape

Declines in productivity growth substantially explain new‐normal business stagnation; yet in order to address situations of slack productivity growth, firms can choose from six generic transformational strategies: retirement, renewal, retrenchment, replication, redeployment, and recombination. While the extant literature focuses on specific transformational strategies that particular firms, or industries, ...

In: Journal of Management Studies (2020), im Ersch. [online first: 2019-06-22] | Joseph A. Clougherty, Tomaso Duso, Jo Seldeslachts, Lorenzo Ciari
25 Ergebnisse, ab 11