mergers when deciding whether to approve a current merger notification. The result is a more stringent CA that demands higher … reduces prices. However, in the absence of entry and exit, a merger policy that considers alternative mergers is never … adopts (tougher or laxer). Lastly, the paper suggests that even when alternative mergers could have positive effects on …

general, an active competition policy is recommendable in order to keep markets open for further competition and innovation …