We study optimal merger policy in a dynamic model in which the presence of scale economies implies that firms can … computationally, allows firms to invest or propose mergers according to the relative profitability of these strategies. An antitrust … authority is able to block mergers at some cost. We examine the optimal policy when the antitrust authority can commit to a …

fraud, or corruption - that share with cartels the crucial features that well designed leniency and whistleblower programs …

policy related to its institutional set up and antitrust activities (rather than merger control). The effect is strengthened …

Leniency programmes (or policies) reduce sanctions against cartel members that self-report to the Antitrust Authority …

, but not too strict, merger policy tends to increase the incentive for innovations for sale by ensuring the bidding …

. Evaluating optimal antitrust policy, we point out that an active private equity market can aid antitrust authorities by …

The optimal competition policy when licensing is an alternative to a merger, which has the intention of transferring a … of the US Horizontal Merger Guidelines. In contrast, when only one instrument is feasible, be it fixed fees or royalties …

We estimate the deterrence effects of U.S. merger policy instruments with respect to the composition and frequency of … future merger notifications. Data from the Annual Reports by the U.S. DOJ and FTC allow industry based measures over the 1986 … challenge-rate to robustly deter future horizontal (both relative and absolute) merger activity; the investigation-rate to …