Using a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors …, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find … case of anticompetitive mergers. …

, the intensity of local competition and the standard of living. Perception data from the World Economic Forum is used to … effectiveness explain a substantial part of the perception of the effectiveness of antitrust policy. During the first years of (new … further improvement of their application performance after a certain time. The effectiveness of antitrust policy has a …

results suggest that larger trade balances lead to more vigorous antitrust scrutiny; thus, 'strategic' merger policy does not …The literature on antitrust in an open-economy setting is inconclusive with respect to the role played by trade …-balance on the tenor of domestic merger policy. Using a panel data set composed of US merger reviews by industrial sector over …

international competitive gains, favouring lenient domestic merger policy. However, mergers seldom generate the 'significant … merger policy. We show how non-synergistic domestic mergers in the presence of international sales might reduce national …Recent 'open-economy industrial organization' literature finds export orientation enhances the weight of post-merger …

This paper analyzes the effects of mergers on markups of non-merging rival firms in narrowly defined markets. Combining … data from the European Commission’s market assessments in merger decisions with production data, we use recent … the performance of almost 600 rival firms in close to 200 merger cases before and after the change in market structure …