New technologies in the globalized business environment are shaping competitive strategies in unprecedented ways. As important as the race for developing more advanced ICT products is the ability to convert these advances into a higher productivity of the assets in other economic activities....

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...