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Competition Policy in the EUFifty Years on from the Treaty of Rome$
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Xavier Vives

Print publication date: 2009

Print ISBN-13: 9780199566358

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780199566358.001.0001

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An Economic Assessment of European Commission Merger Control: 1958–2007 1

An Economic Assessment of European Commission Merger Control: 1958–2007 1

Chapter:
(p.135) 6 An Economic Assessment of European Commission Merger Control: 1958–20071
Source:
Competition Policy in the EU
Author(s):

Bruce Lyons

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199566358.003.0006

This chapter 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 organization. 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 introduces a simple bargaining approach to merger policy evaluation to draw conclusions about the trend in overall effectiveness of EC merger policy since 1990.

Keywords:   mergers, competition, EC merger policy, policy evaluation, economic ideas, unilateral effects, coordinated effects, non-horizontal effects, merger remedies

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