An Empirical Assessment of the 2004 EU Merger Policy Reform
We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework focusing on four different policy dimensions: predictability, decision errors, reversion of anti-competitive rents and deterrence. We find that after the reform, the predictability an...
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| Veröffentlicht in: | The Economic journal (London) 2013-11, Vol.123 (572), p.F596-F619 |
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| container_end_page | F619 |
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| container_issue | 572 |
| container_start_page | F596 |
| container_title | The Economic journal (London) |
| container_volume | 123 |
| creator | Duso, Tomaso Gugler, Klaus Szücs, Florian |
| description | We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework focusing on four different policy dimensions: predictability, decision errors, reversion of anti-competitive rents and deterrence. We find that after the reform, the predictability and the accuracy of decisions have improved. Yet, the policy shift away from prohibitions, which entail both an immediate and a deterrent effect, does not seem to be well grounded. |
| doi_str_mv | 10.1111/ecoj.12081 |
| format | Article |
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| identifier | ISSN: 0013-0133 |
| ispartof | The Economic journal (London), 2013-11, Vol.123 (572), p.F596-F619 |
| issn | 0013-0133 1468-0297 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1496960046 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete; Jstor Complete Legacy; Oxford University Press Journals All Titles (1996-Current) |
| subjects | Acquisitions & mergers Antitrust Business networks Conglomerate mergers Economic concentration Economic impact Economic impact analysis Economic policy Economic reform Economic rent Efficient markets European Union FEATURE: CONTRIBUTIONS TO COMPETITION ECONOMICS Horizontal mergers Legislation Market power Mergers Power efficiency Predictability Profitability theory Public policy Stock markets Studies |
| title | An Empirical Assessment of the 2004 EU Merger Policy Reform |
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