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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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2009/05/01
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Рабочий документ в рамках исследования вопросов политики
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WPS4936
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1
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1
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2010/07/01
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Disclosed
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Optimal pre-merger notification mechanisms - incentives and efficiency of mandatory and voluntary schemes
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voluntary mechanism