Some Empirical Evidence on the Effectiveness of Antimerger Relief in the United States
AbstractThe paper seeks to fill the void in the empirical economics literature of U.S. antimerger policy. A new empirical measure of relief secured in a Section 7 case is proposed. The extent of obtained relief is modeled as a fraction of the competitive overlap subject to structural divestiture. The model of determination of the relative size and scope of divestiture is applied to a sample of recent Section 7 cases. The estimated model is reasonably successful at predicting the outcomes of several out-of-sample cases.
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Bibliographic InfoPaper provided by EconWPA in its series Industrial Organization with number 0404001.
Length: 49 pages
Date of creation: 05 Apr 2004
Date of revision:
Note: Type of Document - pdf; pages: 49
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Antimerger relief; U.S. Department of Justice; structural remedies; merger policy; Section 7;
Other versions of this item:
- Mikhail S. Kouliavtsev, 2005. "Some Empirical Evidence on the Effectiveness of Antimerger Relief in the United States," Economic Inquiry, Western Economic Association International, vol. 43(2), pages 370-384, April.
- L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models
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- Marcos Avalos & Rafael E. De Hoyos, 2008.
"An Empirical Analysis of Mexican Merger Policy,"
Review of Industrial Organization,
Springer, vol. 32(2), pages 113-130, March.
- Mikhail Kouliavtsev, 2007. "Measuring the Extent of Structural Remedy in Section 7 Settlements: Was the US DOJ Successful in the 1990s?," Review of Industrial Organization, Springer, vol. 30(1), pages 1-27, February.
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