Entry and Merger Policy
Laure Jaunaux, Yassine Lefouili, Wilfried Sand‐Zantman
Abstract
Open-access reader
Laure Jaunaux, Yassine Lefouili, Wilfried Sand‐Zantman
Abstract
Open-access reader
This note examines merger policy towards new entrants. We show that the optimal policy is driven by a simple sufficient statistic and that, under certain conditions, competition authorities should commit to being more lenient towards successful, rather than unsuccessful, entrants.
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This note examines merger policy towards new entrants. We show that the optimal policy is driven by a simple sufficient statistic and that, under certain conditions, competition authorities should commit to being more lenient towards successful, rather than unsuccessful, entrants.
Key concepts: Commit, Competition policy, Ex-ante, Competition (biology), Economics, Profit (economics), Economic surplus, Microeconomics