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http://ssrn.com/abstract=1096850
 
 

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An Empirical Analysis of Mexican Merger Policy


Marcos Avalos


affiliation not provided to SSRN

Rafael E. De Hoyos


World Bank

February 1, 2008

World Bank Policy Research Working Paper No. 4527

Abstract:     
A newly created dataset including 239 decisions made by the Mexican Federal Competition Commission on horizontal mergers between 1997 and 2001 is used to estimate the different factors affecting the Commission's resolution. The paper approximates the decision making process using two different discrete choice models. The results indicate that, contrary to the Commission's objective, the presence of efficiency gains increases the probability of a case being issued. The findings also show that factors different from the ones explicitly mentioned by the Commission have a significant effect on 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.

Number of Pages in PDF File: 30

Keywords: Microfinance, Economic Theory & Research, Labor Policies, Bankruptcy and Resolution of Financial Distress, Corporate Law

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Date posted: February 26, 2008  

Suggested Citation

Avalos, Marcos and De Hoyos, Rafael E., An Empirical Analysis of Mexican Merger Policy (February 1, 2008). World Bank Policy Research Working Paper Series, Vol. , pp. -, 2008. Available at SSRN: http://ssrn.com/abstract=1096850

Contact Information

Marcos Avalos
affiliation not provided to SSRN
Rafael E. De Hoyos (Contact Author)
World Bank ( email )
1818 H Street, NW
Washington, DC 20433
United States
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