TY  - BOOK
AU  - Janin,Lionel
AU  -  Menoni,Benoît
TI  - Merger Control in France: An Empirical Analysis of Rulings by the Competition Council
PY  - 2008///.
							
N1  - 68
N2  - We consider the factors explaining the rulings by the French Competition Council (Conseil de la Concurrence) in merger cases, to which we apply a latent-variable decision model. We use the factors mentioned in Council opinions as explanatory variables, although we acknowledge that this raises a potential endogeneity issue. In an initial specification, entry barriers and buyer power are shown to be the main supporting arguments given in the opinions. Using a second specification that excludes some endogenous factors, we find that market share and the industry concerned are the more objective determinants of the opinions, but with low explanatory power. For a selected group of transactions, we also compare Council opinions with stock market reaction to merger announcements
UR  - https://shs.cairn.info/journal-economie-et-prevision-1-2007-2-page-93?lang=en&redirect-ssocas=7080
ER  -