An Economic Assessment of EC Merger Control: 1958-2007

Bruce Lyons
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Bruce Lyons: Centre for Competition Policy and School of Economics, University of East Anglia

No 2008-17, Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) from Centre for Competition Policy, University of East Anglia, Norwich, UK.

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.

Keywords: Merger control; unilateral effects; collective dominance; remedies; merger policy (search for similar items in EconPapers)
JEL-codes: C78 K21 L41 (search for similar items in EconPapers)
Date: 2008-09-01
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:uea:ueaccp:2008_17

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