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| Author: | Nilssen, T. |
| Title: | On the consistency of merger policy |
| Journal: | Journal of Industrial Economics
1997 : MAR, VOL. 45:1, p. 89-100 |
| Index terms: | INDUSTRIAL ECONOMICS MERGERS POLICY |
| Language: | eng |
| Abstract: | This paper presents a way to get around the information problem facing outside analysts who want to scrutinize competition authorities' decision. A formal model of how decisions are taken is applied to infer information that is available to the authorities but not to the outside analyst. If the information thus inferred from several decisions is incompatible, it is claimed that the policy executed by the competition authorities is inconsistent. A case study is presented of two recent decision by the Norwegian Competition Authority on proposed mergers in the Norwegian insurance industry. |
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