Theories of Industrial Organisation and Competition Policy : What are the Links ?
The "new industrial organisation" enshrined in game theory has elaborated important concepts, models and typologies that reveal the richness of corporate conduct . To some extent, these developments have improved the quality of analyses in European antitrust policy. Three illustrations are considered in the paper : concerted practices, cooperative R&D and mergers. However, the new dimensions to be taken into account are very complex and sensitive, and the information that antitrust authorities possess is often inadequate to permit a full-blown analysis. Adopting a simpler approach, which combines "science" and pragmatism relying on presumptions and shortcuts, is inevitable.
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