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An Empirical Analysis of Canadian Merger Policy

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  • Khemani, R S
  • Shapiro, Daniel M

Abstract

The merger provisions of the new Competition Act (1986) brought significant changes to Canada's merger environment but little is known regarding the application of the provisions by the Bureau of Competition Policy. In this paper, the decision-making process has been approximated by an ordered probit model. The estimated ordered probit results indicate that the Director of Investigation and Research has applied the merger provisions in a consistent manner and in accordance with modern industrial organization economics. Although market share and concentration are important determinants of decisions, they are not the only factors considered. Copyright 1993 by Blackwell Publishing Ltd.

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  • Khemani, R S & Shapiro, Daniel M, 1993. "An Empirical Analysis of Canadian Merger Policy," Journal of Industrial Economics, Wiley Blackwell, vol. 41(2), pages 161-177, June.
    • Handle: RePEc:bla:jindec:v:41:y:1993:i:2:p:161-77
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    Cited by:

    1. Joan Canton & Maia David & Bernard Sinclair-Desgagné, 2007. "Environmental regulation and mergers within the eco-industry," Working Papers 2007/01, INRA, Economie Publique.
    2. Canton, Joan & David, Maia & Sinclair-Desgagné, Bernard, 2012. "Environmental Regulation and Horizontal Mergers in the Eco-industry," Strategic Behavior and the Environment, now publishers, vol. 2(2), pages 107-132, July.
    3. Prince M. Changole & Willem H. Boshoff, 2022. "Non-competition Goals and Their Impact on South African Merger Control: An Empirical Analysis," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 60(3), pages 361-401, May.
    4. Patrice Bougette & Stéphane Turolla, 2006. "Merger Remedies at the European Commission: A Multinomial Logit Analysis," Post-Print halshs-00466603, HAL.
    5. Tomaso Duso & Klaus Gugler & Florian Szücs, 2013. "An Empirical Assessment of the 2004 EU Merger Policy Reform," Economic Journal, Royal Economic Society, vol. 123(11), pages 596-619, November.
    6. Anastasiya Redkina, 2014. "Using Remedies In Russian Merger Control," HSE Working papers WP BRP 62/EC/2014, National Research University Higher School of Economics.
    7. Benoît Menoni & Lionel Janin, 2007. "Le contrôle des concentrations en France : une analyse empirique des avis du Conseil de la concurrence," Économie et Prévision, Programme National Persée, vol. 178(2), pages 93-114.
    8. Davies, Stephen & Olczak, Matthew & Coles, Heather, 2011. "Tacit collusion, firm asymmetries and numbers: Evidence from EC merger cases," International Journal of Industrial Organization, Elsevier, vol. 29(2), pages 221-231, March.
    9. Fatih Cemil Ozbugday, 2013. "Individual Exemption Applications and Their Assessment: Lessons from the Competition Law Change in the Netherlands during the 1990s," Business and Management Research, Business and Management Research, Sciedu Press, vol. 2(4), pages 148-164, December.
    10. Mats Bergman & Malcolm Coate & Maria Jakobsson & Shawn Ulrick, 2010. "Comparing Merger Policies in the European Union and the United States," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 36(4), pages 305-331, June.
    11. Patrice Bougette & Stéphane Turolla, 2008. "Market structures, political surroundings, and merger remedies: an empirical investigation of the EC’s decisions," European Journal of Law and Economics, Springer, vol. 25(2), pages 125-150, April.
    12. Marcos Avalos & Rafael E. De Hoyos, 2008. "An Empirical Analysis of Mexican Merger Policy," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 32(2), pages 113-130, March.
    13. Tomaso Duso & Damien J. Neven & Lars-Hendrik Röller, 2007. "The Political Economy of European Merger Control: Evidence using Stock Market Data," Journal of Law and Economics, University of Chicago Press, vol. 50(3), pages 455-489.
    14. Richard J. Grimbeek & Sunel Grimbeek & Steven F. Koch, 2011. "The Consistency of Merger Decisions in a Developing Country: The South African Competition Commission," Working Papers 201117, University of Pretoria, Department of Economics.
    15. Jordi Gual & Núria Mas, 2011. "Industry Characteristics and Anti-Competitive Behavior: Evidence from the European Commission’s Decisions," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 39(3), pages 207-230, November.
    16. Coate Malcolm B., 2006. "Economic Models and the Merger Guidelines: A Case Study," Review of Law & Economics, De Gruyter, vol. 2(1), pages 53-84, May.
    17. Diego S. Cardoso & Mariusa M. Pitelli & Adelson M. Figueiredo, 2021. "An Econometric Analysis of the Brazilian Merger Policy," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 59(1), pages 103-132, August.
    18. Stephen Davies & Matthew Olczak & Heather Coles, 2007. "Tacit collusion, firm asymmetries and numbers: evidence from EC merger cases," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2007-07, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    19. Xhoxhi, Orjon & Imami, Drini & Hanf, Jon & Gjokaj, Ekrem, 2022. "Too much power or no power: when does intermediary's power result into better wine and happier farmers?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 25(5), December.
    20. Bergman, Mats A. & Jakobsson, Maria & Razo, Carlos, 2005. "An econometric analysis of the European Commission's merger decisions," International Journal of Industrial Organization, Elsevier, vol. 23(9-10), pages 717-737, December.
    21. Qing Yang & Michael Pickford, 2014. "The Merger Clearance Decision Process in New Zealand: Application of a New Two-Stage Probit Model," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 44(3), pages 299-325, May.
    22. Sunel Grimbeek & Steve Koch & Richard Grimbeek, 2013. "The Consistency of Merger Decisions at the South African Competition Commission," South African Journal of Economics, Economic Society of South Africa, vol. 81(4), pages 561-580, December.
    23. Mauro La Noce & Sergio Bolasco & Elisabetta Allegra & Valerio Ruocco & Federico Capo, 2006. "Merger Control in Italy 1995-2003: A Statistical Study of the Enforcement Practice by Mining the Text of Authority Resolutions," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 13(2), pages 307-334.
    24. Robert Breunig & Flavio M. Menezes & Kelvin Jui Keng Tan, 2012. "An Empirical Investigation of the Mergers Decision Process in Australia," The Economic Record, The Economic Society of Australia, vol. 88(283), pages 459-475, December.

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