information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market … can lead to a softer merger policy when competition is weaker. …

The aim of this paper is to describe in detail a set of newly developed indicators of the quality of competition policy …, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where … for competition policy we mean the antitrust legislation, including the merger control provisions, and its enforcement …

This paper provides a comprehensive discussion of the deterrence properties of a competition policy regime. On the …