A newly created dataset including 239
decisions made by the Mexican Federal Competition Commission
on horizontal mergers between 1997 and 2001 is used to
estimate the different factors affecting the
Commission's resolution. The paper approximates the
decision making process using two different discrete choice
models. The results indicate that, contrary to the
Commission's objective, the presence of efficiency
gains increases the probability of a case being issued. The
findings also show that factors different from the ones
explicitly mentioned by the Commission have a significant
effect on the Commission's final decision. In
particular, the presence of a foreign company among the
would-be merger firms significantly increases the likelihood
of observing an allowed merger.
Bibliographic Details
| Main Authors: |
Avalos, Marcos,
De Hoyos, Rafael E. |
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| Format: | Policy Research Working Paper
biblioteca
|
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2008-02
|
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| Subjects: | ACCURATE INFORMATION,
ADMINISTRATIVE COSTS,
ANTITRUST,
ANTITRUST ENFORCEMENT,
ANTITRUST LAW,
BARGAINING,
BARRIERS TO ENTRY,
CLAIM,
COMPETITION COMMISSION,
COMPETITION LAW,
COMPETITION POLICY,
COMPETITORS,
DECISION MAKING,
DEPENDENT,
DOMINANT FIRM,
ECONOMETRIC ANALYSIS,
ECONOMETRIC MODELS,
ECONOMETRICS,
ECONOMIC COMPETITION,
ECONOMIC EFFICIENCY,
ECONOMIC INTEGRATION,
ECONOMIC MODELS,
ECONOMIC STRUCTURE,
ECONOMIC THEORY,
ECONOMIES OF SCALE,
EMPLOYMENT,
EQUALITY,
EQUITY SHARE,
EQUITY SHARES,
EXPANSION,
EXPECTED VALUE,
EXPORTS,
FIRMS,
FOREIGN COMPANY,
FOREIGN FIRM,
FOREIGN FIRMS,
FUTURE RESEARCH,
HORIZONTAL MERGER,
IMPERFECT INFORMATION,
INCOME,
INDUSTRIAL ECONOMICS,
INDUSTRIAL ORGANIZATION,
JUDGE,
JUDGMENTS,
JUDICIAL REVIEW,
LAWYERS,
LEGAL PROCESS,
LIMITED,
MAJORITY VOTE,
MARKET ENTRY,
MERGER,
MERGER CONTROL,
MERGERS,
MIDDLE INCOME COUNTRIES,
MONOPOLIES,
MONOPOLY,
SHARES OF FIRM,
SMALL FIRM,
SMALL FIRMS,
STATISTICAL ANALYSIS, |
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| Online Access: | http://documents.worldbank.org/curated/en/2008/02/9026843/empirical-analysis-mexican-merger-policy
http://hdl.handle.net/10986/6410
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