We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the …

There have been a number of studies attempting to quantify the impact of cartels and mergers on prices. The state of …. Connor summarizes the existing empirical research that estimate the magnitude of the impact of cartels on prices. He … estimates that cartels increase prices by over 20% on average, and concludes that fines and damage awards do not sufficiently …

cancel their procurements and resolicit bids after qualifying additional suppliers. Recent cartel cases show that cartels … potential for buyer resistance, the payoff to firms from forming a cartel exceeds that from merging. Thus, firms considering a … merger may have an incentive to collude instead. We discuss implications for antitrust and merger policy. …

This paper examines whether cartel breakdown provokes a period of intensive merger activity amongst the former … sample of 84 European cartels, it finds that mergers are indeed more frequent post-cartel breakdown, especially in markets … effects - alternatively, they may be the consequence of market restructuring, necessitated by more intense competition post-cartel …

We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the …