Mats A. Bergman
(), Maria Jakobsson
() and Carlos Razo
Mats A. Bergman: Department of Economics, Postal: Uppsala University, P.O. Box 513, SE-751 20 Uppsala, Sweden
Maria Jakobsson: Stockholm University, Postal: Department of Economics, SE-106 91 Stockholm, Sweden
Carlos Razo: Stockholm University, Postal: Department of Economics, SE-106 91 Stockholm, Sweden
Abstract: Using a sample of 96 mergers notified to the EU Commission and logit regression techniques, we analyse the Commission's decision process. We find that the probability of a phase 2 investigation and of a prohibition of the merger increases with the parties' market shares. The probability increases also when the Commission finds high entry barriers or that post-merger collusion is easy. We do not find significant effects of political variables, such as the nationality of the merging firms or the identity of the commissioner.
18 pages, February 3, 2003
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