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The Competitive Effects Of Rail Freight Mergers In The Context Of European Liberalization

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  • Oliver Stehmann
  • Hans Zenger

Abstract

The recent liberalization of rail freight services in Europe has created the possibility of cross-border competition and market integration for European rail freight operators. In other regulated network industries, such as the electricity sector, liberalization subsequently led to a significant number of cross-border mergers. A merger wave also followed the deregulation of U.S. rail freight in the early 1980s. It is therefore not unlikely that an increased number of rail freight mergers might occur in Europe in the upcoming years. This article discusses the competitive effects of such mergers in the context of recently liberalized markets. In particular, it draws from the experience of recent cross-border mergers that were notified before the European Commission. This article proposes several conclusions for market definition, the assessment of the theory of harm, and possible efficiency defenses.

Suggested Citation

  • Oliver Stehmann & Hans Zenger, 2011. "The Competitive Effects Of Rail Freight Mergers In The Context Of European Liberalization," Journal of Competition Law and Economics, Oxford University Press, vol. 7(2), pages 455-479.
    • Handle: RePEc:oup:jcomle:v:7:y:2011:i:2:p:455-479.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhq026
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    Cited by:

    1. Oliveira Cruz, Carlos & Miranda Sarmento, Joaquim, 2017. "Horizontal bundling of infrastructure managers: The case of Portugal Infrastructure Company (roads and railways)," Transport Policy, Elsevier, vol. 55(C), pages 99-103.
    2. Shahin Shakibaei & Pelin Alpkokin, 2019. "Conflict Resolution in Competitive Liberalized Railway Market: Application of Game Theoretic Concepts," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-21, November.

    More about this item

    JEL classification:

    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation

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