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An Economic Assessment of EC Merger Control: 1957–2007

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  • Bruce Lyons

    () (School of Economics and Centre for Competition Policy, 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: 1957–2007," Working Papers 08-17, Centre for Competition Policy, University of East Anglia.
  • Handle: RePEc:ccp:wpaper:wp08-17
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    File URL: http://www.ccp.uea.ac.uk/publicfiles/workingpapers/CCP08-17.pdf
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    Keywords

    merger control; unilateral effects; collective dominance; remedies; merger policy;

    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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