An Empirical Investigation of the Mergers Decision Process in Australia

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dc.contributor.authorBreunig, Robert
dc.contributor.authorMenezes, Flavio
dc.contributor.authorTan, Kelvin (Jui Keng)
dc.date.accessioned2015-12-08T22:30:17Z
dc.date.issued2012
dc.date.updated2016-02-24T11:12:36Z
dc.description.abstractIn this article, we examine a database assembled from an Australian public register of 553 merger decisions taken between March 2004 and July 2008. Mergers may be accepted without public assessment, accepted in conjunction with publication of a Public Competition Assessment, or rejected. The public register contains qualitative information about the reasons given by the regulator for each decision. We estimate an ordered probit model, using these three possible outcomes, with the objective of gaining a better insight into the regulator's decision-making process. Our two major findings are: (i) the existence of entry barriers and the existence of undertakings are highly correlated with the regulator's decision to closely scrutinise a merger proposal; and (ii) if we compare two decisions, one which does not mention entry barriers (or import competition) with a decision that does mention entry barriers (or import competition), then the latter is significantly more likely to be opposed than the former.
dc.identifier.issn0013-0249
dc.identifier.urihttp://hdl.handle.net/1885/34373
dc.publisherBlackwell Publishing Ltd
dc.sourceThe Economic Record
dc.subjectKeywords: competition (economics); database; decision making; empirical analysis; import; merger; Australia
dc.titleAn Empirical Investigation of the Mergers Decision Process in Australia
dc.typeJournal article
local.bibliographicCitation.issue283
local.bibliographicCitation.lastpage475
local.bibliographicCitation.startpage459
local.contributor.affiliationBreunig, Robert, College of Business and Economics, ANU
local.contributor.affiliationMenezes, Flavio, University of Queensland
local.contributor.affiliationTan, Kelvin (Jui Keng), University of Queensland
local.contributor.authoremailu9809765@anu.edu.au
local.contributor.authoruidBreunig, Robert, u9809765
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140209 - Industry Economics and Industrial Organisation
local.identifier.absseo910204 - Industry Costs and Structure
local.identifier.ariespublicationu4602557xPUB112
local.identifier.citationvolume88
local.identifier.doi10.1111/j.1475-4932.2012.00831.x
local.identifier.scopusID2-s2.0-84870349144
local.identifier.thomsonID000311612000001
local.identifier.uidSubmittedByu4602557
local.type.statusPublished Version

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