In this review of retrospective European merger studies we provide a discussion of the price effect of analysed mergers and examine whether the antitrust agency made the right decisions. We find that remedied mergers, on average, were not followed by a price-increase, suggesting that, in our...

It is widely believed that deterrence constitutes the most important impact of competition policy, but this seems to be largely a matter faith rather than based on any empirical evidence. This paper present a rare attempt to quantify the deterrence effect of cartel policy. It develops a...

Evaluations of competition policy typically establish that consumer benefits from cases detected and rectified comfortably outweigh the costs of competition authorities (CA). However, such assessments are inevitably partial because they do not quantify the impact of deterrence, nor do they...

It is widely believed that deterrence constitutes the most important impact of competition policy, but this seems to be largely a matter faith rather than based on any empirical evidence. This paper present a rare attempt to quantify the deterrence effect of cartel policy. It develops a...

While there is an extensive literature on the relationship between market competition and innovation at the aggregate level, there are far fewer case-specific accounts of this relationship, particularly on the effects of specific competition policy interventions on innovation. The objective of...