The thwarted merger of General Electric and Honeywell stands out, so far, as the only merger between US companies to be derailed solely by the European antitrust authorities, while being cleared by...
Endogenous Costs and Price-Cost Margins
Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous...
Structural Adjustment in European Retail Banking: Some Views from Industrial Organisation
This paper tries to assess how the current program of European integration will affect the structure of the European retail banking industry. It is argued that trade in banking services is, and will...
Competition economics and antitrust in Europe
"This paper aims to assess the influence that economic analysis has had on competition policy in the European Union over the last twenty years. Economists are increasingly used in antitrust cases;...
ENDOGENOUS COSTS AND PRICE-COST MARGINS: AN APPLICATION TO THE EUROPEAN AIRLINE INDUSTRY -super-*
DAMIEN J. NEVEN, LARS-HENDRIK RÖLLER, ZHENTANG ZHANG
This paper allows for endogenous costs in the estimation of price cost margins. In particular, we estimate price-cost margins when firms bargain over wages. We extent the standard two-equation set-up...
European Financial Integration: A Framework for Policy Analysis
In this paper, we investigate the design and implementation of financial regulation where market failures are created by asymmetric information between investors and firms. We argue that reputation,...
Cournot Competition Yields Spatial Agglomeration.
Anderson, Simon P, Neven, Damien J
Most theoretical models of spatial competition show a strong tendency toward spatial dispersion of firms, yet common observations suggest that firms tend to agglomerate. In this paper, the authors...
HOWSE, ROBERT, NEVEN, DAMIEN J.
Some of the legal analysis in this study derives from joint work between Robert Howse and Susan Esserman on this ruling, Trade disputes quire fairer arbitration , FT.com, September 12, 2002
El mess in TELMEX: a comment on Mexico-measures affecting telecommunications services
NEVEN, DAMIEN J., MAVROIDIS, PETROS C.
This paper reviews the panel report on Mexico-Measures A.ecting Telecommunication Services. The panel considered claims by the United States (US) that Mexico acted inconsistently with its obligations...
How Should "Protection" be Evaluated in Art. III GATT Disputes ?
This paper considers the economic analysis protection in Art. III GATT disputes. We first observe that the appropriate measure of protection and the level of protection that is acceptable have hardly...
The International Dimension of the Antitrust Practice in Poland, Hungary and the Czech Republic
Petros C. MAVROIDIS, Damien J. NEVEN
This paper analyses how the competition authorities in the Czech republic, Poland and Hungary (CPH) have dealt with the interface between trade and competition in their actual practice. The following...
The Scope of Conflict in International Merger Control
Damien J. NEVEN, Lars-Hendrik RÖLLER
In this paper, we analyse the scope for conflict between national merger control agencies which assert jurisdictions simultaneously. We consider a positive model of merger control in which market...
Union Power and Product Market Competition : Evidence from the Airline Industry
Damien J. NEVEN, Lars-Hendrik RÖLLER, Zhentang ZHANG
In this paper we specify and estimate a structural model which links product market competition and union power. The model has a two-stage setting in which wages are determined through bargaining...
Can Price Competition Dominate Market Segmentation?
Martinez-Giralt, Xavier, Neven, Damien J
This note analyzes duopoly competition in a two stage (location-price) game, while allowing each f irm to establish a couple of outlets. Both the circle and the line mo del of spatial competition are...
Strategic Entry Deterrence: Recent Developments in the Economics of Industry.
This paper reviews the recent developments in the economics of industry with respect to strategic entry deterrence. Starting from Bain's (1956) classical analysis, a simple two-stage game between an...
The European Satellite Industry: Prospects for Liberalization
Neven, Damien J, Röller, Lars-Hendrik, Waverman, Leonard
This paper evaluates the effects of liberalizing access to the space sector, as currently envisaged by the EC Commission. We undertake an econometric evaluation of the degree of scale economies in...
The Scope of Conflict in International Merger Control
Neven, Damien J, Röller, Lars-Hendrik
In this paper, we analyse the scope for conflict between national merger control agencies that assert jurisdictions simultaneously. We consider a positive model of merger control in which market...
On the Scope of Conflict in International Merger Control
Damien J. Neven, Lars-Hendrik R–ller
In this paper, we analyze the scope for conflict between national merger control agencies which simultaneously assert jurisdictions. We consider a positive model of merger control in which market...
Structural Adjustment in European Retail Banking: Some Views from Industrial Organisation
This paper tries to assess how the current program of European integration will affect the structure of the European retail banking industry. It is argued that trade in banking services is, and will...
European Integration and Trade Flows
Neven, Damien J, Röller, Lars-Hendrik
We study a model of intra-European trade flows and trade between Europe and the rest of the world for 29 manufacturing sectors for 1975-85. We investigate the claim that European integration has...
Deregulation of the European Banking Industry (1980-1991)
In this paper the experience of deregulation in the banking sector of seven EC countries (Belgium, France, Germany, Italy, the Netherlands, Spain and the UK) is analysed. Lessons are drawn for...
Regional Convergence in the European Community
Gouyette, Claudine, Neven, Damien J
This paper assesses convergence in output per head across regions in the European Community (EC), for the period 197590. We use three alternative methodologies to measure convergence, which yield...
The Political Economy of State Aids in the European Community: Some Econometric Evidence
This paper analyses the pattern of state aids to the manufacturing sector in ten EC countries for the period 1981--90. It focuses on determinants suggested by the political economy of state aids. We...
Trade Liberalization with Eastern Nations. How Sensitive?
This paper analyses the political economy of trade liberalization by the European Community towards Eastern nations. We identify the sectors that are both sensitive and politically effective. We find...
Competition Policy in Switzerland
This paper provides a critical review of competition policy in Switzerland. We analyse the legal statute, the institutional arrangements for its implementation and the case law since 1985. We find...
Relative Prices, Trade and Restructuring in European Industry
Neven, Damien J, Wyplosz, Charles
This paper explores the link between trade and European labour markets by using evidence on relative commodity prices and intra-sectoral skill levels at the NACE three-digit level for the four large...
Union Power and Product Market Competition: Evidence from the Airline Industry
Neven, Damien J, Röller, Lars-Hendrik, Zhang, Zhentang
In this paper, we specify and estimate a structural model, which links product market competition and union power. The model has a two-stage setting, in which wages are determined through bargaining...
The International Dimension of the Antitrust Practice in Poland, Hungary and the Czech Republic
Mavroidis, Petros C, Neven, Damien J
This paper analyses how the competition authorities in the Czech republic, Poland and Hungary (CPH) have dealt with the interface between trade and competition in their actual practice. The following...
How Should ‘Protection’ be Evaluated in Art. III GATT Disputes?
This Paper considers the economic analysis of non-tariff barriers in the context of disputes under Art. III of the GATT. This article establishes the principle of National Treatment, which requires...
Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control
Neven, Damien J, Röller, Lars-Hendrik
This paper considers merger control in a common agency framework where firms and their competitors can influence the antitrust agency and where transparency - while making lobbying less effective -...
The Political Economy of European Merger Control: Evidence Using Stock Market Data
Duso, Tomaso, Neven, Damien J, Röller, Lars-Hendrik
The objective of this Paper is to investigate the determinants of EU merger control decisions. We consider a sample of 164 EU merger control decisions and evaluate the anti-competitive consequences...
The Modernisation of EU Competition Policy : Making the Network Operate
Petros C. MAVROIDIS, Damien J. NEVEN
This paper does not seek to evaluate whether decentralisation of the implementation of Art.81 ECT is desirable but simply analyses how the network of enforcers envisaged in the White Paper would...
Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control
Damien J. NEVEN, Lars-Hendrik RÖLLER
This paper considers merger control in a common agency framework where firms and their competitors can influence the antitrust agency and where transparency - while making lobbying less effective -...
The Allocation of Jurisdiction in International Antitrust
Damien J. NEVEN, Lars-Hendrik RÖLLER
In this paper, we consider the organisation of international antitrust as an issue of institution design which involves a trade-off between an inadequate internalisation of external effects across...
Union Power and Product Market Competition: Evidence from the Airline Industry
Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
In this paper we specify and estimate a structural model which links product market competition and union power. The model has a two-stage setting in which wages are determined through bargaining...
Union Power and Product Market Competition: Evidence from the Airline Industry
Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
In this paper we specify and estimate a structural model which links product market competition and union power. The model has a two-stage setting in which wages are determined through bargaining...
Scope of Conflict in International Merger Control
Damien J. Neven, Lars-Hendrik Röller
In this paper, we analyze the scope for conflict between national merger control agencies which assert jurisdictions simultaneously. We consider a positive model of merger control in which market...
Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control
Damien J. Neven, Lars-Hendrik Röller
This paper considers merger control in a common agency framework where firms and their competitors can influence the antitrust agency and where transparency while making lobbying less effective also...
The Political Economy of European Merger Control: Evidence using Stock Market Data
Tomaso Duso, Damien J. Neven, Lars-Hendrik Röller
The objective of this paper is to investigate the determinants of EU merger control decisions. We consider a sample of 164 EU merger control decisions and evaluate the anti-competitive consequences...
The Political Economy of European Merger Control: Evidence using Stock Market Data
Tomaso Duso, Damien J. Neven, Lars-Hendrik Röller
The objective of this paper is to investigate the determinants of European Union (EU) merger control decisions. We consider a sample of 167 EU mergers between 1990 and 2002 and evaluate their...