THE IMPLEMENTATION OF THE EUROPEAN COMMISSION'S MERGER REGULATION 2004: AN EMPIRICAL ANALYSIS

被引:6
|
作者
Fernandez, Borja Martinez [1 ]
Hashi, Iraj [1 ]
Jegers, Marc [2 ,3 ]
机构
[1] Staffordshire Univ, Stoke On Trent ST4 2DE, Staffs, England
[2] Vrije Univ Brussel, Microecon Profit Sect, BE-1050 Brussels, Belgium
[3] Vrije Univ Brussel, Microecon Nonprofit Sect, BE-1050 Brussels, Belgium
关键词
D O I
10.1093/joclec/nhn006
中图分类号
F [经济];
学科分类号
02 ;
摘要
The factors influencing the European Commission's decisions under the 2004 Merger Regulation are assessed on a sample of 50 cases. Probit analysis results in the finding that the probability of nonclearance in phase I of the procedure is significantly affected by the estimated market share increase due to the proposed merger, the contestability of the market, and the presence of barriers to entry. Furthermore, there is some evidence that the Commission's decisions are biased against market leaders involved in proposed mergers.
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页码:791 / 809
页数:19
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