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Using remedies in Russian merger control: descrete choice analisys

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  • Red'kina, A.

Abstract

This article is motivated by a growing interest in the problem of merger control quality assessment. Remedies are one of the instruments of merger control and have a significant influence on the results of it. This paper aims to build and empirically evaluate a discrete choice model of merger remedies implementation in Russian merger control. The database consists of 502 merger cases accepted by the Russian antimonopoly agency between 2010 and 2012. We analyse the agency’s decisions to find which characteristics of merging firms and markets lead the Federal Antimonopoly Service of the Russian Federation to decide whether to allow conditional acceptance. We find that variables related to high market power such as high market share and significant entry barriers lead more frequently result in a remedy outcome. Such industries as the coal mining and chemical industry positively affect the probability of a remedy implementation. At the same time we do not find significant effects of such high-concentrated industries as energy and gas. In addition, the results also demonstrate that if one of the 5 giant firms take part in a merger, it has a positive effect on the probability of the remedy decisions. Our study did not detect the influence of the firm- buyer’s countries on using remedies.

Suggested Citation

  • Red'kina, A., 2015. "Using remedies in Russian merger control: descrete choice analisys," Journal of Modern Competition, Synergy University, vol. 9(5), pages 5-24.
    • Handle: RePEc:snr:mdrcmp:v:9:y:2015:i:5:p:5-24
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    File URL: https://www.moderncompetition.ru/jour/article/view/670
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