This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … that create important challenges for competition policy. We show that these features have been key determinants of the … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …

We analyze evidence production in merger control as a delegation problem in an inquisitorial competition policy system …. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its … implemented only after evidence on the efficiency of a merger proposal has been produced …

We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel … dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the … definition and the complexity of the merger. Simple, linear probability models as usually applied in the literature overestimate …

that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax …

In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one … unaffected markets, but this relationship is weak and not statistically significant. The merger also affected the riskiness of … remedial measures imposed by the Norwegian Competition Authority on the two merging parties are also likely to explain some of …

We discuss the main Theories of Harm in EU merger control and their evolution since the 1990s. We present stylised … facts and trends using data extracted from EU merger decisions by natural language processing tools. EU merger policy has … evidence used. The introduction of the new Merger Regulation in 2004, which led to a change in the substantive test, also …