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

This paper estimates the impact of competition policy on total factor productivity growth for
22 industries in twelve OECD countries over 1995 to 2005. We find a positive and significant …

We study how differences in bank regulation influence cross‐border bank acquisition flows
and share price reactions to cross‐border deal announcements. Using a sample of 7,297 …

Competition laws have become a mainstay of regulation in market economies. At the same
time, past efforts to study the drivers or effects of competition laws have been hampered by …

There is a considerable debate in the legal literature about the purpose of antitrust
institutions. Some argue that antitrust law merely serves the purpose of economic growth …

This chapter presents the new OECD competition law and policies (CLP) indicators which
measure the strength and scope of competition regimes in 49 jurisdictions (34 OECD and 15 …

Using a new dataset on international competition laws, we examine the relationship
between country-level competition laws and corporate risk-taking in 58 countries from 1990 …

An authoritative guide to federal democracy from two respected experts in the field Around
the world, federalism has emerged as the system of choice for nascent republics and …

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

This paper empirically investigates the effectiveness of competition policy by estimating its
impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over …