EconPapers    
Economics at your fingertips  
 

TAKING POLITICS OUT OF MERGERS: A REVIEW OF IRISH EXPERIENCE

Patrick Massey ()

Journal of Competition Law and Economics, 2010, vol. 6, issue 4, 853-878

Abstract: The Competition Act, 2002, radically altered merger control in Ireland, removing political involvement and assigning responsibility for reviewing mergers to an independent agency, the Competition Authority. This paper reviews the first 5 years of this new regime. The reform has increased transparency and made competition the sole criteria for the evaluation of mergers. There is evidence that most mergers notified have no competitive effect within Ireland, suggesting that the legislation is too broad in scope. Although relatively few notified mergers raised any competition concerns, this paper identifies problems in the Competition Authority's analysis in a number of these cases. The Authority has tended to rely on qualitative rather than quantitative evidence. In some instances, its analysis is inconsistent with economic theory. This applies particularly to its analysis of efficiencies. This paper therefore recommends that the Authority urgently review its merger procedures and introduce additional checks and balances in the merger review process. In addition, it should review its approach to efficiencies. This paper also suggests possible legislative reforms to reduce the number of unnecessary notifications and provide third parties with a right of appeal against decisions by the Authority.

JEL-codes: K21 L12 L13 L41 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1093/joclec/nhq010 (application/pdf)
Access to full text is restricted to subscribers.

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:oup:jcomle:v:6:y:2010:i:4:p:853-878.

Access Statistics for this article

Journal of Competition Law and Economics is currently edited by Damien Geradin and J. Gregory Sidak

More articles in Journal of Competition Law and Economics from Oxford University Press
Bibliographic data for series maintained by Oxford University Press ().

 
Page updated 2020-07-15
Handle: RePEc:oup:jcomle:v:6:y:2010:i:4:p:853-878.