Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

Wednesday, May 16, 2018

Should Profit Margins Play a More Decisive Role in Horizontal Merger Control?

Jorge Padilla (Compass Lexecon) asks Should Profit Margins Play a More Decisive Role in Horizontal Merger Control?

ABSTRACT: In a recent speech, DG Competition’s Chief Competition Economist, Prof Tommaso Valletti explained that, while there is no evidence of increased market concentration in the five largest European countries (EU-5), profit margins have increased since 2010, reaching a historical maximum in 2016. In his view, the upward trend in profit margins ought to have implications for competition policy in general and, in particular, for merger control. 

http://lawprofessors.typepad.com/antitrustprof_blog/2018/05/should-profit-margins-play-a-more-decisive-role-in-horizontal-merger-control.html

| Permalink

Comments

Post a comment