Wednesday, April 13, 2011
Posted by D. Daniel Sokol
Florian Szücs, Vienna University of Economics and Business Administration is Investigating Transatlantic Merger Policy Convergence.
ABSTRACT: Based on a sample of 493 merger cases scrutinized by the American FTC or the European Commission during the period from 1999 to 2007, we propose a framework to examine tendencies of convergence in the jurisdictional patterns of the two agencies. Logit models of the probability of intervening in a merger are calibrated for both jurisdictions and used to predict the decisions of the respectively other agency. The results point to an increasing harmonization of merger policies and corroborate the theoretical appraisal, that the 2004 reform of EU merger law constituted a step towards the US system.