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  • 标题:Enforcement vs Deterrence in Merger Control: Can Remedies Lead to Lower Welfare?
  • 本地全文:下载
  • 作者:Andreea Cosnita-Langlais ; Lars Sørgard
  • 期刊名称:Discussion Papers / Norwegian School of Economics and Business Administration
  • 印刷版ISSN:0804-6824
  • 出版年度:2014
  • 卷号:2014
  • 出版社:Bergen
  • 摘要:This paper deals with the enforcement of merger policy, and aims to study how mergerremedies a¤ect the deterrence accomplished by controlling mergers. We determine theoptimal frequency of investigations launched by the agency, and identify situations wherethe introduction of remedies can lead to a lower welfare. We …nd that the potential forremedies can make it less likely that the worst mergers are deterred. Even if the worstmergers are deterred, the potential for remedies can lead to more mergers with a negativeimpact to be proposed, and eventually to more decision errors by the antitrust authorities.
  • 关键词:merger control; merger remedies; enforcement; deterrence
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