The optimal competition policy when licensing is an alternative to a merger, which has the intention of transferring a … of the US Horizontal Merger Guidelines. In contrast, when only one instrument is feasible, be it fixed fees or royalties …

. Neither scholars nor policymakers have fully researched the deterrence effects of merger policy tools, as they have been …, and Monitorings – to deter firms from engaging in mergers. We employ cross-jurisdiction/pan-time data on merger policy to … empirically estimate the impact of antitrust actions on future merger frequencies. We find merger prohibitions to lead to …

This Paper considers the 'failing firm defence'. Under this principle, found in most antitrust jurisdictions, a merger … failing firm, and an alternative, less detrimental merger is unavailable. Competition authorities have shown considerable … several implications relevant to a number of merger cases. The conditions under which greater leniency is welfare …

We estimate the deterrence effects of U.S. merger policy instruments with respect to the composition and frequency of … future merger notifications. Data from the Annual Reports by the U.S. DOJ and FTC allow industry based measures over the 1986 … challenge-rate to robustly deter future horizontal (both relative and absolute) merger activity; the investigation-rate to …

among incumbent banks on competition and discuss when, depending on the pre-merger structure of the market and geographic … distribution of branches, the merger is anti-competitive. The paper has implications for competition policy as it suggests an …

We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are … endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of … surplus by using a completely myopic merger review policy that approves a merger today if and only if it does not lower …

goals. We argue that one should not expect to find any particular relationship between trade policy and merger policy. Thus …, we find no theoretical presumption that international trade liberalisation induces countries to pursue merger policies …