American markets, once a model for the world, are giving up on competition. Thomas
Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by …

Until the 1990's, US markets were more competitive than European markets. Today,
European markets have lower concentration, lower excess profits, and lower regulatory …

Public regulation is increasingly facing competition from “private politics” in the form of
activism and corporate self-regulation. However, its effectiveness, welfare consequences …

Over the past 20 years, Europe has deregulated many industries, protected consumer
welfare, and created strongly independent regulators. These policies represent a stark …

We analyze the effects of M&A on the markups of non‐merging rival firms across a broad set
of industries. We exploit expert market definitions from the European Commission's merger …

Over the past twenty years, Europe has deregulated many industries, protected consumer
welfare, and created strongly independent regulators. These policies represent a stark …

ABSTRACT The European Union (EU) formally changed its merger policy in 2004, moving
from a dominance standard to one based on a significant impediment of effective …

Research in Health Economics has developed into a separate discipline for the last 25
years. All this intense research activity, has translated in the inclusion of courses of health …

Merger control regimes in various jurisdictions—especially in Africa—feature non-
competition objectives in addition to conventional goals, such as the maintenance or …

We study the determinants of common European merger policy over its first 25 years, from
1990 to 2014. Using a novel dataset at the level of the relevant antitrust markets and …