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AR-T06 / institutional research topic

Merger review

Merger Review

How are notification volume, transaction mix, review intensity, official outcomes, and observed market structure changing without conflating process with effect?
Keep federal filing, transaction-size, review-process, structural-screen, and official-record evidence in separate but connected lanes.
Evidence architecture5/5 active lanes
  1. Publications3editions
  2. Agenda questions2questions
  3. Issue programs2programs
  4. Public datasets7datasets
  5. Analysis routes5routes
Bar length is relative within this topicCounts retain different units
Publications
3
3 permanent series
Agenda questions
2
2 issue programs
Public datasets
7
246 declared rows
Source links
16
reviewed through Jul 20, 2026

Topic boundary. Notification counts, Second Request rates, concentration screens, complaints, settlements, and abandonments have different denominators and meanings. None alone establishes transaction effects or legal merit.

Evidence standard

Research contract

Question, mandate, boundary, and evidence need

Public question

How are notification volume, transaction mix, review intensity, official outcomes, and observed market structure changing without conflating process with effect?

Institutional mandate

Keep federal filing, transaction-size, review-process, structural-screen, and official-record evidence in separate but connected lanes.

Interpretation boundary

Notification counts, Second Request rates, concentration screens, complaints, settlements, and abandonments have different denominators and meanings. None alone establishes transaction effects or legal merit.

Evidence still needed

Transaction-level industry and size, thresholds, exemptions, agency allocation, review timing, outcomes, remedies, market shares, entry, price, quality, and capacity.

Primary audienceMerger researchers, oversight staff, journalists, and enforcement practitioners

Publication chronology

How this subject entered the public record.

Every institutional release date remains on the axis, including dates with no publication assigned to this topic.
Active releases
3 / 6
Topic publications
3
Largest release
1
Release footprint by publication seriesHeight = new topic publications

Publication chronology, not impact. Counts describe when current corpus items entered the register. They are not output targets, quality measures, or evidence of policy effect.

Publication register

3 citable publications

Exact theme memberships across 3 permanent series.
  1. AR-CI-2026-07Competition Insights

    Domain readout / United States

    Reported HSR volume and the Second Request rate both moved lower in FY2025.

    Two federal program measures preserve their fiscal-year denominator and procedural meaning without converting review activity into a judgment about transactions or agency performance.
    Published
    Aug 12, 2026
    Sources reviewed
    Jul 18, 2026
    Evidence
    2
    Source links
    1
  2. AR-RB-2026-05Competition Research Briefs

    Research brief / United States

    The Federal Merger Review Pipeline, 2016-2025

    A ten-year map of federal merger notifications and review procedure with exact monthly and transaction-size evidence, source custody, and permanent outcome guardrails.
    Published
    Jul 20, 2026
    Sources reviewed
    Jul 18, 2026
    Evidence
    1
    Source links
    1
  3. AR-SC-2026-01State of Competition

    State of competition report / United States

    The U.S. Competition Landscape

    A source-backed state-of-competition briefing across markets, industries, state systems, local banking screens, mergers, and enforcement, with every system kept in its own analytical universe.
    Published
    Jul 19, 2026
    Sources reviewed
    Jul 19, 2026
    Evidence
    14
    Source links
    14

Evidence systems

Questions, programs, datasets, and analysis routes

Every lane retains its own unit and source contract.

Research agenda

2 bounded questions
  1. ReviewHow did transaction mix, clearance, adjusted denominators, and agency review practice change alongside the observed rate?Hart-Scott-Rodino program / Second Request rate
  2. FilingsHow did filing mix, transaction size, thresholds, exemptions, and macroeconomic conditions change alongside notification volume?Hart-Scott-Rodino program / Reported HSR transactions

Issue programs

2 editorial programs
  1. 105 evidence linksDigital platform gatewaysHow do defaults, distribution agreements, data access, and adjacent-platform positions shape entry across separately measured digital systems?
  2. 23 evidence linksTransportation networksHow do route-level entry, capacity, airport constraints, and consolidation shape passenger choice beyond national shares?

Public datasets

7 reusable contracts
  1. 10 rows / 15 fieldsHSR annual activityOfficial fiscal-year premerger notifications, filings, adjusted review denominators, Second Requests, and early termination outcomes for FY2016-FY2025.
  2. 120 rows / 8 fieldsHSR monthly activityFiscal-month transaction and filing counts for the federal premerger notification program across FY2016-FY2025.
  3. 7 rows / 14 fieldsHSR transaction sizesFY2025 adjusted transaction counts, clearances, and Second Requests across seven reported transaction-value bands.
  4. 14 rows / 16 fieldsPolicy eventsOfficial complaints, decisions, inquiries, remedies, reports, and settlements joined to the markets they contextualize and to one explicitly declared proceeding chronology.
  5. 31 rows / 11 fieldsNamed policy-record edgesOne inspectable official-record relationship per named organization, with role, event stage, market context, source custody, and inference guardrails.
  6. 18 rows / 11 fieldsEvent evidence windowsDerived strict before, timing-ambiguous event-year, and strict after HHI anchors for every policy-event and market relationship.
  7. 46 rows / 27 fieldsCompetition monitor signalsLatest-to-prior observed comparisons across definition-stable market series, strict Census sector medians, banking and fixed-broadband geographic screens, Census business dynamics, and federal HSR activity, with separate periods, units, evidence counts, sources, and non-composite guardrails.

Analysis routes

5 declared handoffs
  1. 01 / profileMerger activityHSR notification and review history
  2. 02 / researchMerger structure labObserved shares and bounded scenarios
  3. 03 / dataOfficial recordsNamed complaints, decisions, and remedies
  4. 04 / compareCompare recordsStages, entities, and evidence windows
  5. 05 / researchMerger agendaFiling and review-process questions
Topic collection citation

Antitrust Radar. (2026). Merger Review [Research topic]. Antitrust Radar.

Open publication citations