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The evolution of theories of harm in EU merger control

Duso, Tomaso; Bernhardt, Lea; Piechucka, Joanna - 2024

We discuss the main Theories of Harm in EU merger control and their evolution since the 1990s. We present stylised facts and trends using data extracted from EU merger decisions by natural language processing tools. EU merger policy has adapted over time, both in terms of legislation and...

Persistent link: https://www.econbiz.de/10014583802

Behavioural Economics and the EU Merger Control Regime

Giannino, Michele - 2014

Academics and competition enforces advocated the idea to use behavioural economics to apply competition law. The believe that the so-called behavioural antitrust should provide for a more accurate understanding of the conducts of economic operators. It is however unsettled whether behavioural...

Persistent link: https://www.econbiz.de/10013049489

Sequential decision making in merger control

Langus, Gregor; Lipatov, Vilen; Neven, Damien J. - 2014

We model merger control procedures as a process of sequential acquisition of information and compare US and EU procedures. In the US, the authorities do not have to justify their decision to require further information (issue a second request), whereas in the EU, the authorities face a different...

Persistent link: https://www.econbiz.de/10010429873

Standards of proofs in sequential merger control procedures

Langus, Gregor; Lipatov, Vilen; Neven, Damien J. - 2018

We model merger control procedures as a process of sequential acquisition of information in which mergers can be cleared after a first phase of investigation. We find that the enforceability of clearance decisions at the end of the first phase is unattractive to the extent that it prevents the...

Persistent link: https://www.econbiz.de/10011927442

Normative Goals in Merger Control : Why Merger Control Should Not Attempt to Achieve 'Better' Outcomes than Competition

Thomas, Stefan - 2020

Critical observers state that current antitrust policies fall short of addressing the wider societal implications of a market economy, inter alia in merger control. The interests of employees in decent wages, merger impacts on the environment, or the pursuit of a governmental industrial policy...

Persistent link: https://www.econbiz.de/10012844899

Innovation Competition, Unilateral Effects and Merger Policy

Petit, Nicolas - 2020

post-merger R&D efforts (including lower expenditure). SIEIC is distinct from the mainstream unilateral effects theory of … analysis lies a fundamental question of competition theory: under what conditions can variations of existing economic models be … applied in merger cases? This paper is divided into three sections. In Section I, the SIEIC theory of harm is described and …

Persistent link: https://www.econbiz.de/10012852989

Assessing EU merger control through compensating efficiencies

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...

Persistent link: https://www.econbiz.de/10012659077

Innovation and the Institutional Design of Merger Control

Jennejohn, Matthew - 2015

Persistent link: https://www.econbiz.de/10013013038

Market concentration in Europe : evidence from antitrust markets

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021

An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level...

Persistent link: https://www.econbiz.de/10012421242

Market concentration in Europe : evidence from antitrust markets

Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021 - This draft: January 20, 2021

Persistent link: https://www.econbiz.de/10012426540