20 Years of Merger Control in Brazil: What do the Big Numbers Tell us?

Lucia Helena Salgado ()
Additional contact information
Lucia Helena Salgado: Universidade do Estado do Rio de Janeiro (UERJ)

Review of Industrial Organization, 2025, vol. 67, issue 3, No 2, 233-250

Abstract: Abstract We examine the exercise of the preventive function in Brazil by its competition authority CADE (Conselho Administrativo de Defesa Econômica). We analyze, from a long-term perspective, the evolution of the merger control process from 2000 to 2020. CADE has been appraised positively by international observers for its efficient enforcement. In 2020 it received four stars for the eighth year in a row in the annual ranking promoted by Global Competition Review: https://globalcompatitionreview.com a magazine that covers competition policy and regulation around the world. Aiming to go beyond this consensual opinion about CADE’s efficiency, we gather microdata from each of the mergers, acquisitions, and equivalents that were submitted to CADE’s approval along two decades. We search for patterns and regularities that could offer clues about the efficacy of competition law enforcement in Brazil.

Keywords: Competition law; Merger control; Antitrust goals; Industrial concentration; Policy evaluation; Administrative council for economic defense (search for similar items in EconPapers)
JEL-codes: L4 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11151-025-10036-y Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:revind:v:67:y:2025:i:3:d:10.1007_s11151-025-10036-y

Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11151/PS2

DOI: 10.1007/s11151-025-10036-y

Access Statistics for this article

Review of Industrial Organization is currently edited by L.J. White

More articles in Review of Industrial Organization from Springer, The Industrial Organization Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().