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An Economic Assessment of EC Merger Control: 1958-2007

Author

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  • Bruce Lyons

    (Centre for Competition Policy and School of Economics, University of East Anglia)

Abstract

This paper provides an assessment of EC merger policy from three perspectives. First, it places the evolution of merger policy alongside the evolution of economic ideas in relation to competition and industrial organisation. Second, it highlights recent developments in the practical economic appraisal of competition in four areas: unilateral (non-coordinated) effects, particularly the appropriate use of simulation techniques and the efficiency defence; coordinated effects (collective dominance), particularly the role of the Community Courts; non-horizontal effects, particularly the need for the new guidelines; and remedies, particularly weaknesses in current practice. Third, it develops a simple bargaining approach to merger policy evaluation to draw conclusions about the trend in overall effectiveness of EC merger policy since 1989.

Suggested Citation

  • Bruce Lyons, 2008. "An Economic Assessment of EC Merger Control: 1958-2007," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2008-17, Centre for Competition Policy, University of East Anglia, Norwich, UK..
    • Handle: RePEc:uea:ueaccp:2008_17
    as

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    File URL: https://ueaeco.github.io/working-papers/papers/ccp/CCP-08-17.pdf
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    References listed on IDEAS

    as
    1. Hannah, L & Kay, J A, 1981. "The Contribution of Mergers to Concentration Growth: A Reply to Professor Hart [On Bias and Concentration]," Journal of Industrial Economics, Wiley Blackwell, vol. 29(3), pages 305-313, March.
    2. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Goran Serdareviæ & Petr Teplý, 2011. "The Efficiency of EU Merger Control During the Period 1990–2008," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 61(3), pages 252-276, July.
    2. Anastasiya Redkina, 2014. "Using Remedies In Russian Merger Control," HSE Working papers WP BRP 62/EC/2014, National Research University Higher School of Economics.

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    More about this item

    Keywords

    Merger control; unilateral effects; collective dominance; remedies; merger policy;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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