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An Empirical Analysis of Mexican Merger Policy

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dc.contributor.authorAvalos, Marcos
dc.contributor.authorDe Hoyos, Rafael E.
dc.date.accessioned2012-03-30T07:29:47Z
dc.date.available2012-03-30T07:29:47Z
dc.date.issued2008
dc.description.abstractA newly created dataset including 239 decisions made by the Mexican Federal Competition Commission on horizontal mergers is used to estimate the different factors affecting the Commission's resolution decisions. The decision-making process has been approximated by two different discrete choice models. Our results indicate that, contrary to the Commission's objective, the presence of efficiency gains increases the probability of a case being challenged. We also find that factors different from the ones explicitly mentioned by the Commission have a significant effect upon the Commission's final decision. In particular, the presence of a foreign company among the would-be merger firms significantly increases the likelihood of observing an allowed merger.en
dc.identifier.citationReview of Industrial Organization
dc.identifier.issn0889938X
dc.identifier.urihttps://hdl.handle.net/10986/4798
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectMergers
dc.subjectAcquisitions
dc.subjectRestructuring
dc.subjectVoting
dc.subjectProxy Contests
dc.subjectCorporate Governance G340
dc.subjectCorporate Finance and Governance: Government Policy and Regulation G380
dc.subjectAntitrust Law K210
dc.subjectMonopolization
dc.subjectHorizontal Anticompetitive Practices L410
dc.subjectFormal and Informal Sectors
dc.subjectShadow Economy
dc.subjectInstitutional Arrangements O170
dc.titleAn Empirical Analysis of Mexican Merger Policyen
dc.title.alternativeReview of Industrial Organizationen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum130
okr.journal.nbpages113-130
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.countryMexico
okr.relation.associatedurlhttp://dx.doi.org/10.1007/s11151-008-9168-x
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=0997244&site=ehost-live
okr.relation.associatedurlhttp://www.springerlink.com/link.asp?id=100336
okr.volume32
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