Discussion paper

DP7454 How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition?

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.

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Citation

Barros, P, J Seldeslachts and J Clougherty (eds) (2009), “DP7454 How to Measure the Deterrence Effects of Merger Policy: Frequency or Composition?”, CEPR Press Discussion Paper No. 7454. https://cepr.org/publications/dp7454