Marktprognosen im Interesse der Strukturpolitik

Pahlow Louis () and Rassow Verena ()
Additional contact information
Pahlow Louis: Fachbereich Rechtswissenschaft, Institut für Rechtsgeschichte, Goethe-Universität Frankfurt am Main, Campus Westend, Theodor-W.-Adorno-Platz 4, D-60629 Frankfurt a.M., Frankfurt, Germany
Rassow Verena: Fachbereich Rechtswissenschaft, Institut für Rechtsgeschichte, Goethe-Universität Frankfurt am Main, Campus Westend, Theodor-W.-Adorno-Platz 4, D-60629 Frankfurt a.M., Frankfurt, Germany

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, 2018, vol. 59, issue 2, 343-376

Abstract: The paper focuses on the forming of expectations by regulatory authorities in the case of merger control after 1973, when the German legislator stipulated a decision by its officials on future competition in relevant markets. The regulatory and decision-making behavior of officials is analyzed on the basis of selected merger procedures in the chemical industry, which underwent far-reaching structural change in the 1970s and 1980s. Here, institutionalization processes for overcoming information asymmetries and the formation of market expectations can be diagnosed inside the office as well as inside the firms. Adaptive expectations with regard to current market diagnoses and legal assumptions (“Vermutungstatbestände”) play a significant role for their forecast decisions. The study is based on previously unpublished files of the Federal Cartel Office.

Keywords: Regulation; Antitrust Law; merger control; Federal Cartel Office; structural policy; business company; merger; institutionalization; Regulierung; Kartellrecht; Fusionskontrolle; Bundeskartellamt; Strukturpolitik; Unternehmen; Unternehmenszusammenschluss; Institutionalisierung (search for similar items in EconPapers)
JEL-codes: K L N (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jbwg-2018-0012 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:jbwige:v:59:y:2018:i:2:p:343-376:n:2

DOI: 10.1515/jbwg-2018-0012

Access Statistics for this article

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook is currently edited by Dieter Ziegler

More articles in Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook from De Gruyter
Bibliographic data for series maintained by Peter Golla ().