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Comparing merger enforcement across jurisdictions -- New Zealand versus the European Union and the United States

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  • Michael Pickford
  • Qing Gong Yang

Abstract

Comparing large samples of merger markets for NZ and the US, and controlling for case-mix differences within samples using single competition variables, Pickford (2012) found that the proportion of markets challenged was lower in NZ. We extend this analysis using discrete choice modelling to estimate merger decision models for NZ comparable to those previously estimated for the EU and the US. We ran the NZ merger markets through those models and computed hypothetical challenge rates in the other two jurisdictions. We found that a larger proportion would likely have been challenged in both jurisdictions, meaning that NZ's merger enforcement stance is relatively lenient.

Suggested Citation

  • Michael Pickford & Qing Gong Yang, 2014. "Comparing merger enforcement across jurisdictions -- New Zealand versus the European Union and the United States," New Zealand Economic Papers, Taylor & Francis Journals, vol. 48(1), pages 72-95, April.
    • Handle: RePEc:taf:nzecpp:v:48:y:2014:i:1:p:72-95
    DOI: 10.1080/00779954.2013.772877
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    References listed on IDEAS

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    1. Aaron Panner, 2007. "Bundled Discounts and the Antitrust Modernization Commission," Antitrust Chronicle, Competition Policy International, vol. 7.
    2. 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.
    3. John Sutton, 1995. "The Size Distribution of Businesses, Part I: A Benchmark Case," STICERD - Economics of Industry Papers 09, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    4. Sutton, John, 1995. "The size distribution of businesses, part I: a benchmark case," LSE Research Online Documents on Economics 2289, London School of Economics and Political Science, LSE Library.
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    Cited by:

    1. 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.

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