An Empirical Analysis of Canadian Merger Policy
用有序概率模型分析加拿大1986年《竞争法》中并购条款的实际执行情况，发现执法机构决策一致且符合现代产业组织经济学，市场份额和集中度是重要但非唯一决定因素。
The merger provisions of the new Competition Act (1986) brought significant changes to Canada's merger environment but little is known regarding the application of the provisions by the Bureau of Competition Policy. In this paper, the decision-making process has been approximated by an ordered probit model. The estimated ordered probit results indicate that the Director of Investigation and Research has applied the merger provisions in a consistent manner and in accordance with modern industrial organization economics. Although market share and concentration are important determinants of decisions, they are not the only factors considered. Copyright 1993 by Blackwell Publishing Ltd.