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Theories of Industrial Organisation and Competition Policy : What are the Links ?

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  • Jacquemin, Alexis

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics; European Commission)

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    Abstract

    The "new industrial organisation" enshrined in game theory has elaborated important concepts, models and typologies that reveal the richness of corporate conduct . To some extent, these developments have improved the quality of analyses in European antitrust policy. Three illustrations are considered in the paper : concerted practices, cooperative R&D and mergers. However, the new dimensions to be taken into account are very complex and sensitive, and the information that antitrust authorities possess is often inadequate to permit a full-blown analysis. Adopting a simpler approach, which combines "science" and pragmatism relying on presumptions and shortcuts, is inevitable.

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    Bibliographic Info

    Paper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 1996007.

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    Length: 24
    Date of creation: 01 Jan 1996
    Date of revision:
    Handle: RePEc:ctl:louvir:1996007

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