We investigate cartelists’ merger behavior using European Commission (EC) cartel decisions over a 28-year span and … information on cartelists’ merger activities over the last 30 years. We find that mergers occur frequently. But they cluster in a … expedite mergers. The EC’s cartel settlement procedure delays merger. After cartel dissolution, co-conspirators merge at a …

We investigate cartelists' merger behavior using European Commission (EC) cartel decisions over a 28-year span and … information on cartelists' merger activities over the last 30 years. We find that mergers occur frequently but that they cluster …-conspirators merge at a substantially greater pace. The results shed light on the design of merger policies and enforcement programs …

In this comprehensive review of ex-post merger studies price effects of horizontal transactions are evaluated. By … combining and further analyzing the results of 52 retrospective studies on 82 mergers or merger-like transactions it can be … shown that the industry alone is no strong indication for the direction of price-related merger effects. However, the "size …

This paper deals with the enforcement of merger policy, and aims to study how merger remedies affect the deterrence …

We analyze the efficiency defense in merger control. First, we show that the relationship between exogenous efficiency … find that merger proposals are largely aligned with a proper social welfare analysis which explicitly considers the without … merger counterfactual. We demonstrate that the merger specificity requirement does not help much to select socially desirable …

is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … of any theory of harm …

We develop a model in which two firms that have proposed to merge are privately informed about merger …-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an … on the merger control institution and, in particular, whether it involves an efficiency defense. We derive the optimal …

mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable … mergers and economic theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action …

One of the most controversial aspects in the recently adopted U.S. horizontal merger guidelines has been the … leading competition authorities and will likely shape international consensus in merger review. It appears unlikely that this … approach will reduce analytical rigor in merger review and lead to more aggressive merger enforcement with an increased number …