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This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over the period 1995-2005. We find a robust positive and significant effect of competition policy as measured by...
Persistent link: https://www.econbiz.de/10010305862
distributed asymmetrically among firms. Asymmetry of the evidence can increase the cost of deterrence if the high-evidence firm …; this may increase the cost of deterrence. …
Persistent link: https://www.econbiz.de/10011420625
This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over the period 1995-2005. We ?nd a robust positive and signi?cant effect of competition policy asmeasured by...
Persistent link: https://www.econbiz.de/10010333729
This paper provides a comprehensive discussion of the deterrence properties of a competition policy regime. On the … deterrence: 1) sanctions and damages; 2) financial and human resources; 3) powers during the investigation; 4) quality of the law …; 5) independence; and 6) separation of power. We then discuss how to measure deterrence. We review the literature that …
Persistent link: https://www.econbiz.de/10010333768
, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where …
Persistent link: https://www.econbiz.de/10010333910
This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over the period 1995-2005. We find a robust positive and signficant effect of competition policy asmeasured by...
Persistent link: https://www.econbiz.de/10003909285
, Competition Policy Indexes, or CPIs. The CPIs measure the deterrence properties of a competition policy in a jurisdiction, where …
Persistent link: https://www.econbiz.de/10003909293
This paper provides a comprehensive discussion of the deterrence properties of a competition policy regime. On the … deterrence: 1) sanctions and damages; 2) financial and human resources; 3) powers during the investigation; 4) quality of the law …; 5) independence; and 6) separation of power. We then discuss how to measure deterrence. We review the literature that …
Persistent link: https://www.econbiz.de/10003909295
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 …
Persistent link: https://www.econbiz.de/10011392122
distributed asymmetrically among firms. Asymmetry of the evidence can increase the cost of deterrence if the high-evidence firm …; this may increase the cost of deterrence. …
Persistent link: https://www.econbiz.de/10010402216