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Merger Control in Italy 1995-2003: A Statistical Study of the Enforcement Practice by Mining the Text of Authority Resolutions

Author

Listed:
  • Mauro La Noce
  • Sergio Bolasco
  • Elisabetta Allegra
  • Valerio Ruocco
  • Federico Capo

Abstract

The paper provides a consistency analysis of the decisions taken by the Italian Competition Authority within the 1995-2003 period, concerning its control over mergers and acquisitions. An ample database was constructed using the tools of textual analysis. This data base was generated in a semi-automatic manner and handled with statistical methods, the final aim being the econometric specification - through a logit model - and estimation of the 'de facto' decision model of the Authority, thereby making its principles more transparent and predictable. Model simulation exercises, dependant on multivariate market scenarios, helped estimate the threshold levels triggering Authority intervention.

Suggested Citation

  • Mauro La Noce & Sergio Bolasco & Elisabetta Allegra & Valerio Ruocco & Federico Capo, 2006. "Merger Control in Italy 1995-2003: A Statistical Study of the Enforcement Practice by Mining the Text of Authority Resolutions," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 13(2), pages 307-334.
    • Handle: RePEc:taf:ijecbs:v:13:y:2006:i:2:p:307-334
    DOI: 10.1080/13571510600784862
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    References listed on IDEAS

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    1. Khemani, R S & Shapiro, Daniel M, 1993. "An Empirical Analysis of Canadian Merger Policy," Journal of Industrial Economics, Wiley Blackwell, vol. 41(2), pages 161-177, June.
    2. Rchard Schmalensee, 2004. "Sunk Costs and Antitrust Barriers to Entry," American Economic Review, American Economic Association, vol. 94(2), pages 471-475, May.
    3. Preston R. Fee & Hugo M. Mialon & Michael A. Williams, 2004. "What Is a Barrier to Entry?," American Economic Review, American Economic Association, vol. 94(2), pages 461-465, May.
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    Cited by:

    1. Diego S. Cardoso & Mariusa M. Pitelli & Adelson M. Figueiredo, 2021. "An Econometric Analysis of the Brazilian Merger Policy," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 59(1), pages 103-132, August.

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