I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based … concerns in markets affected by a merger, I find that the predictive performance of the random forests is much better than the … concerns. Secondly, postreform, DG Comp seems to base its assessment on a more complex interaction of merger and market …

This article looks first at the process courts use to resolve merger challenges and finds that in the area of product … market definition, merger analysis is reasonably strong. Market definition remains complex and subjective, however, and could … be improved, or avoided altogether, through econometric techniques such as merger simulation. Judicial analysis of entry …