efficiency gains for the design of structural merger remedies. We show that a larger asset transfer should be requested from a … divestitures with the regulation of their sale price. We discuss the opportunity of such a merger policy tool, and argue that in …

The efficiency defence was long delayed in the European merger control due to costly implementation issues. In this … defence from those that do not, allowing such a procedure can lead to a lower post-merger price. Secondly, we study the impact … of merger remedies on the incentives conveyed by the efficiency defence, and conclude on the optimal design of the …