economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger … tools; and 4) deterrence of anti-competitive mergers. To infer the economic impact of the merger policy reform, we compare … the results of our four tests before and after its introduction. Our results suggest that the policy reform seems to have …

-grounded. -- merger control ; regulatory reform ; EU Commission ; event-study … the results of the four tests before and after its introduction in 2004. Our results suggest that the 'more economic …

been only a modest improvement of European merger policy. -- merger control ; regulatory reform ; EU Commission ; event-study … economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger … tools; and 4) deterrence of anti-competitive mergers. To infer the economic impact of the merger policy reform, we compare …