Clougherty, Joseph A.; Seldeslachts, Jo - Tinbergen Instituut - 2011
(5), pages 1114-1144.<P> We estimate the deterrence effects of U.S. merger policy instruments with respect tothe composition and … frequency of future merger notifications. Data from the Annual Reports bythe U.S. DOJ and FTC allow industry based measures over …. We find the challenge-rate to robustly deter future horizontal(both relative and absolute) merger activity; the …