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 …

We systematically analyse the effects of mergers and acquisitions on the demand for labour in the USA and Europe. We do … not find adverse effects of mergers on labour demand in the USA, however we do find negative effects in Europe of the … order of -10% compared to pre-merger levels. We attribute this significant difference to more rigid labour markets in Europe …