Barros, Pedro; Clougherty, Joseph; Seldeslachts, Jo - In: International Journal of the Economics of Business 17 (2010) 1, pp. 1-8
We show that the number of merger proposals (frequency-based deterrence) is a more appropriate indicator of underlying changes in merger policy than the relative anti-competitiveness of merger proposals (composition-based deterrence). This has strong implications for the empirical analysis of...