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Efficiency Gains from Mergers

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Author Info

  • Roller, L.-H.
  • Stennek, J.
  • Verboven, F.

Abstract

The purpose of this report is to contribute to the analysis of two questions. Should a merger control system take into account efficiency gains from horizontal mergers, and balance these gains against the anti-competitive effects of mergers? If so, how should a system be designed to account for efficiency gains? The report is based on a report to the European Commission. To help answer the two questions we start with an extensive review of the relevant economic research, including both theoretical and empirical studies of mergers and merger control. Next, we review the current legal practice in seven OECD jurisdictions. Finally, we propose a merger control system, emphasising the central role of informational limitations.

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Bibliographic Info

Paper provided by Research Institute of Industrial Economics (IFN) in its series Research Institute of Industrial Economics Working Papers with number 543.

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Length: 134 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:iniesr:543

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Keywords: ACQUISITIONS ; MERGERS ; INFORMATION;

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References

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