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The two poles of megamergers: synergy effects and market domination

Author

Listed:
  • Wernhard Möschel
  • Ursula Konitzer
  • Henning Klodt

Abstract

Hardly a week goes by without an announcement of a new, usually cross-border merger. Mergers offer not only new business opportunities but also raise questions of the reform of international competition rules. Prof. Dr. Wernhard Möschel, Chairman of the German Monopoly Commission and the Scientific Advisory Council of the Federal Ministry of Economics and Technology, rejects the idea of creating an international competition office and argues for the coexistence of various competition regimes. Ursula Konitzer, deputy chair of the German Employees Union (DAG), favours an international regulatory framework for effective merger controls. Prof. Dr. Henning Klodt , head of the department for Growth, Structural Change and the International Division of Labour at the Institute for the World Economy in Kiel, also sees the need for internationally binding competition rules that could be administered by the WTO for cross-border mergers.

Suggested Citation

  • Wernhard Möschel & Ursula Konitzer & Henning Klodt, 2000. "The two poles of megamergers: synergy effects and market domination," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 53(18), pages 05-11, June.
    • Handle: RePEc:ces:ifosdt:v:53:y:2000:i:18:p:05-11
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    More about this item

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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