Optimal pre-merger notification mechanisms - incentives and efficiency of mandatory and voluntary schemes (English)

The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more information -verifiable and non verifiable parameters- to decide the set of mergers to investigate, and (ii) the first move of merging firms reveals useful information...

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Author

Benitez,Daniel Alberto;

Gonzalez,Aldo;
Document Date
2009/05/01
Document Type
Policy Research Working Paper
Report Number
WPS4936
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Optimal pre-merger notification mechanisms - incentives and efficiency of mandatory and voluntary schemes
Keywords
voluntary mechanism

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Citation

Benitez,Daniel Alberto; Gonzalez,Aldo.

Optimal pre-merger notification mechanisms - incentives and efficiency of mandatory and voluntary schemes (English). Policy Research working paper ; no. WPS 4936 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/180591468147571996

Optimal pre-merger notification mechanisms - incentives and efficiency of mandatory and voluntary schemes (English)

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