Hüschelrath, Kai; Smuda, Florian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
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 …