We investigate the impact of cartel breakdowns on merger activity. Merging information on cartel cases decided by the … European Commission (EC) between 2000 and 2011 with a detailed data set of worldwide merger activity, we find that, first, the … average number of all merger transactions increase by up to 51 percent when comparing the three years before the cartel …

merger may have an incentive to collude instead. We discuss implications for antitrust and merger policy. …

outcomes, and recommends tighter merger regulation. Since the works of both have been used to support more aggressive antitrust … the art of empirical analysis related to antitrust is best illustrated by the research of John Connor and John Kwoka … substantial efforts to add more empirical content as the basis for antitrust policies …