The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger …

definition and the complexity of the merger. Simple, linear probability models as usually applied in the literature overestimate …We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel … dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the …

that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …

scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …

Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the …

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society. …