We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of blockholdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led to capital injections ...
Innovation has recently come to the attention of Antitrust Authorities, even though the effect of mergers on innovation is still hotly debated. I study how the activity of Antitrust Authorities impacts future innovation of merging firms. Exploiting a change in notification rules I build an event study comparing mergers notified to the authorities with non-notified ones. I develop a new methodology...
Venture capital (VC) is often seen as an instrumental tool that allows many start-ups to pursue innovation with the potential to shake-up current markets and/or to replace incumbents. Using a highly granular, project-level dataset from preclinical diabetes R&D, this paper shows that VCs actively steer the direction of R&D and streamline activities of research focused firms (pipeline firms)...
This year’s online conference is focusing on the Digital Markets Act (DMA), the EU legislative proposal to regulate digital markets in order to prevent abuses of market power. This regulatory tool contains behavioral obligations for large online platforms (‘gatekeepers’) aimed at reducing entry barriers and ensuring fairness in the relationship between digital platforms and their different user...
Tomaso Duso wurde als eines von vier Mitgliedern in den Lenkungsausschuss des neu gegründeten CEPR Competition Policy Research & Policy Network berufen. Das CEPR Competition Policy RPN hat sich zum Ziel gesetzt, eine führende Plattform für die kritische Diskussion über Gestaltung und Durchführung von Wettbewerbspolitik zu werden. Das RPN will ein Netzwerk, bestehend aus ...
Tomaso Duso was appointed as one of the four members of the steering committee of the newly founded CEPR Competition Policy Research & Policy Network. The purpose of the CEPR Competition Policy RPN is to become a leading platform for the critical discussion of competition policy design and outcomes. The RPN seeks to create a network of academics and enforcers to evaluate both influential decisions ...
The European Commission commissioned an international consortium including the DIW Berlin with a background study on State aid in the field of environmental protection and energy. The results of the study are meant to support the Commission in the revision of the EU Guidelines on State aid for environmental protection and energy (EEAG). One key focus of the study was to assess the current rules...
Studie zum Mobilfunknetzausbau in dünn besiedelten Regionen vergleicht drei Kooperationsmodelle – Weniger Kosten für Anbieter bei umfassendem Network Sharing, aber geringere Netzabdeckung – KonsumentInnen profitieren am stärksten von Roaming-Abkommen – Gebietsabsprachen zwischen Anbietern erhöhen Netzabdeckung – Behörden könnten Roaming-Abkommen ...