An econometric analysis of the European Commission's merger decisions |
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Authors: | Mats A. Bergman Maria Jakobsson Carlos Razo |
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Affiliation: | aDepartment of Economics, Göteborg University and the Swedish Competition Authority, SE-103 85 Stockholm, Sweden;bDepartment of Economics, Stockholm University, SE-106 91 Stockholm, Sweden |
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Abstract: | Using a sample of 96 mergers notified to the European 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 probabilities increase also when the Commission finds high entry barriers or that the post-merger market structure is conducive to collusion. We do not find significant effects of “political” variables, such as the nationality of the merging firms. |
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Keywords: | Competition law Antitrust Merger Merger regulation |
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