Artikel

Effective European Antitrust : Does EC Merger Policy Generate Deterrence?

We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990–2009 period. Our empirical results suggest phase-1 remedies uniquely generate robust deterrence as - unlike phase-1 withdrawals, phase-2 remedies, and preventions - phase-1 remedies lead to fewer merger notifications in subsequent years. Furthermore, the deterrence effects of phase-1 remedies work best in high-concentration industries, that is, industries where the Herfindahl Hirschman Index is above the 0.2 cut-off level employed by the EC. Additionally, we find phase-1 remedies do not deter clearly pro-competitive mergers, but do deter potentially anti-competitive mergers in high-concentration industries.

Language: Englisch

Bibliographic citation: Journal: Economic Inquiry ; ISSN: 1465-7295 ; Volume: 54 ; Year: 2016 ; Issue: 4 ; Pages: 1884-1903 ; Hoboken: Wiley Periodicals, Inc.

Classification: Wirtschaft

Event: Geistige Schöpfung

(who): Clougherty, Joseph A.
Duso, Tomaso
Lee, Miyu
Seldeslachts, Jo

Event: Veröffentlichung

(who): Wiley Periodicals, Inc.
ZBW – Leibniz Information Centre for Economics

(where): Hoboken

(when): 2016

DOI: https://onlinelibrary.wiley.com/doi/abs/10.1111/ecin.12346

doi:10.1111/ecin.12346

Handle: http://hdl.handle.net/10419/180832

Last update: 10.03.2025, 11:42 AM CET

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Artikel

Associated

Clougherty, Joseph A.
Duso, Tomaso
Lee, Miyu
Seldeslachts, Jo
Wiley Periodicals, Inc.
ZBW – Leibniz Information Centre for Economics

Time of origin

2016

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Effective European Antitrust : Does EC Merger Policy Generate Deterrence?

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