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À propos du règlement européen n ˚ 139/2004 relatif au contrôle des concentrations entre entreprises : une vision sceptique de la prise en compte des gains d'efficacité

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  • Michel Rainelli

Abstract

The European Mergers regulation of 2004 introduces a new approach, based on Mergers efficiency. This new regulation is an important step towards American regulation : 1992 Merger Guidelines was the first in this field. Mergers-specific efficiency is not easy to handle, it supposes expectations on the evolution of marginal cost of production that must be demonstrated by the firm. Economic analysis has demonstrated that efficiency is not really pertinent in high concentrated markets, so a skeptical view of this innovation is possible.

Suggested Citation

  • Michel Rainelli, 2006. "À propos du règlement européen n ˚ 139/2004 relatif au contrôle des concentrations entre entreprises : une vision sceptique de la prise en compte des gains d'efficacité," Revue internationale de droit économique, De Boeck Université, vol. 0(1), pages 47-56.
    • Handle: RePEc:cai:riddbu:ride_201_0047
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