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How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition?

Pedro Barros (), Joseph Clougherty () and Jo Seldeslachts ()

No 7454, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We show that the number of merger proposals (frequency-based deterrence) is a more appropriate indicator of underlying changes in merger policy than the relative anti-competitiveness of merger proposals (composition-based deterrence). This has strong implications for the empirical analysis of the deterrence effects of merger policy enforcement, and potential implications regarding how to reduce anti-competitive merger proposals.

Keywords: antitrust; deterrence; merger policy (search for similar items in EconPapers)
JEL-codes: K21 L40 L49 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-law and nep-reg
Date: 2009-09
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Journal Article: How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition? (2010) Downloads
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