A CRITIQUE OF PROFESSOR CHURCH'S REPORT ON THE IMPACT OF VERTICAL AND CONGLOMERATE MERGERS ON COMPETITION

James Cooper, Luke Froeb, Daniel O'Brien and Michael Vita

Journal of Competition Law and Economics, 2005, vol. 1, issue 4, 785-792

Abstract: We discuss Professor Jeffrey Church's report to the European Commission in 2004 on the effects of vertical restraints and mergers. Although thorough and accurate, the report could be misinterpreted by practitioners, as it does not emphasize that market power is only a necessary condition for harm to competition, and that most vertical mergers that present the possibility of competitive harm also present economic efficiencies that are intrinsic to the integration.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jcomle:v:1:y:2005:i:4:p:785-792.

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Journal of Competition Law and Economics is currently edited by Nicholas Economides, Amelia Fletcher, Michal Gal, Damien Geradin, Ioannis Lianos and Tommaso Valletti

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