Economic analysis of competition regulation is most developed in the domain of horizontal mergers, and modern agency … guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols … standard models, and more broadly to diverge with how economic analysis of proposed mergers should be and often is conducted …

that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the …Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally …. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies …

We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock …) reversion of anti-competitive rents, and 4) deterrence. We apply this framework to 368 merger cases scrutinized by the European … Commission (EC) between 1990 and 2007. To evaluate the economic impact of the change in European merger legislation, we compare …

tools; and 4) deterrence of anti-competitive mergers. To infer the economic impact of the merger policy reform, we compare …Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the … economic impact of the change in European merger legislation in 2004. We ?rst propose a general framework to assess merger …

An important component of corporate governance is the regulation of significant transactions – mergers, acquisitions …, and industry-specific regulation. Drawing on real-world examples from the world's two largest M&A markets (the US and the …

investigate how the merger regime influences the direction of the startup’s innovation. …

information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year … after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …