An Econometric Analysis of the European Commission's Merger Decisions
AbstractUsing a sample of 96 mergers notified to the EU Commission and logit regression techniques, we analyse the Commission's decision process. We find that the probability of a phase 2 investigation and of a prohibition of the merger increases with the parties' market shares. The probability increases also when the Commission finds high entry barriers or that post-merger collusion is easy. We do not find significant effects of political variables, such as the nationality of the merging firms or the identity of the commissioner.
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Bibliographic InfoPaper provided by Uppsala University, Department of Economics in its series Working Paper Series with number 2003:6.
Length: 18 pages
Date of creation: 03 Feb 2003
Date of revision:
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Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
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competition law; antitrust; merger; merger reulation;
Other versions of this item:
- 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.
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
- L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-02-24 (All new papers)
- NEP-COM-2003-02-24 (Industrial Competition)
- NEP-EEC-2003-02-24 (European Economics)
- NEP-LAW-2003-02-24 (Law & Economics)
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