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The Innovation Theory of Harm: An Appraisal

SSRN Electronic Journal, 2018
In its recent decision on the Dow-DuPont case, the European Commission has adopted an innovation theory of harm (IToH), which holds that even horizontal mergers whose static effects are benign may be regarded as anticompetitive in a dynamic perspective, as mergers generally stifle innovation.
Vincenzo Denicolò€, Michele Polo
openaire   +3 more sources

Alternative Theories of Appraisal Bias

Journal of Real Estate Literature, 2006
Abstract This paper reviews the literature on appraisal bias and summarizes three hypotheses for systematic bias: behavior contention, options-value, and different-base-of-valuation. A case study based in Hong Kong is presented that portrays empirical evidence of appraisal bias in land premiums.
Chiang, YH, Choy, LHT, Yiu, CY, Tang, BS
openaire   +2 more sources

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