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.
| Original language | English |
|---|---|
| Pages (from-to) | 1-8 |
| Journal | International Journal Of The Economics Of Business |
| Volume | 17 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1 Jan 2010 |
Keywords
- antitrust
- deterrence
- merger policy