Clougherty, Joseph A.; Duso, Tomaso; Lee, Miyu; … - 2015
We estimate the deterrence effects of European Commission (EC) merger policy instruments over the 1990-2009 period. Our … empirical results suggest that phase-1 remedies uniquely generate robust deterrence as – unlike phase-1 withdrawals, phase-2 … deterrence effects of phase-1 remedies work best in high-concentration industries; i.e., industries where the HHI is above the 0 …