November 12, 2008
An Economic Assessment of EC Merger Control: 1957-2007
Posted by D. Daniel Sokol
Bruce Lyons of the University of East Anglia provides An Economic Assessment of EC Merger Control: 1957-2007.
ABSTRACT: This paper provides an assessment of EC merger policy from three perspectives. First, it places the evolution of merger policy alongside the evolution of economic ideas in relation to competition and industrial organisation. Second, it highlights recent developments in the practical economic appraisal of competition in four areas: unilateral (non-coordinated) effects, particularly the appropriate use of simulation techniques and the efficiency defence; coordinated effects (collective dominance), particularly the role of the Community Courts; non-horizontal effects, particularly the need for the new guidelines; and remedies, particularly weaknesses in current practice. Third, it develops a simple bargaining approach to merger policy evaluation to draw conclusions about the trend in overall effectiveness of EC merger policy since 1989.
November 12, 2008 | Permalink
TrackBack URL for this entry:
Listed below are links to weblogs that reference An Economic Assessment of EC Merger Control: 1957-2007: