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I study the predictability of the EC’s merger decision procedure before and after the 2004 merger policy reform based on a dataset covering all affected markets of mergers with an official decision documented by DG Comp between 1990 and 2014. Using the highly flexible, non-parametric random...
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imperfection. The contribution to be made here is twofold. First, we present, in section 2, a probability theory and statistics of …
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