The objective of this paper is to investigate the determinants of EU merger control decisions. We consider a sample of 167 EU mergers between 1990 and 2002 and evaluate their competitive consequences by the reaction of the stock market price of competitors to the merging firms. We then account...

In this paper we specify and estimate a structural model which links product market competition and union power. The model has a two-stage setting in which wages are determined through bargaining between management and unions in the first stage, with a price-setting market game to follow in the...

In this paper, we analyse the scope for conflict between national merger control agencies which assert jurisdictions simultaneously. We consider a positive model of merger control in which market definition and the analysis of dominance are both explicitly specified. We find that conflict in...

In this paper we specify and estimate a structural model which links product market competition and union power. The model has a two-stage in which are determined through bargening between management and unions in the first stage, with a price-setting market game to follow in the second stage....

This paper considers merger control in a common agency framework where firms and their competitors can influence the antitrust agency and where transparency – while making lobbying less effective – also implies real resource costs. We examine the performance of two alternative standards that...