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Efficiency Considerations in Merger Regulation (Japanese)

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  • KAWAHAMA Noboru
  • TAKEDA Kuninobu
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    Abstract

    How is merger-generating efficiency dealt with in antitrust regulation? The Japan Fair Trade Commission (JFTC) presents a consumer welfare standard, which focuses on the change of consumer welfare in evaluating efficiency. Guidelines of U.S. antitrust law and those of EU competition law support this standard as well, and the experience in Canadian competition law reveals the difficulty of applying a total welfare standard. In this paper, we examine the possibility of convergence between market power analysis and efficiency consideration under the consumer welfare standard. Based upon that, we propose a modified consumer welfare standard, under which welfare can be traded off among consumers.

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    File URL: http://www.rieti.go.jp/jp/publications/dp/11j022.pdf
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    Bibliographic Info

    Paper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion Papers (Japanese) with number 11022.

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    Length: 41 pages
    Date of creation: Mar 2011
    Date of revision:
    Handle: RePEc:eti:rdpsjp:11022

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