EconStor >
Deutsche Bank Research, Frankfurt am Main >
Research Notes, Deutsche Bank Research >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/21884
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorChristiansen, Arndten_US
dc.date.accessioned2009-01-29T13:41:55Z-
dc.date.available2009-01-29T13:41:55Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/21884-
dc.description.abstractWith the "more economic approach" the EU is taking a new tack on merger control policy. This is visible not only in the new SIEC prohibition criterion and the criteria for appraising horizontal mergers but also in more recent decision-making practice. Greater legal certainty, on the one hand, and improved decision-making, on the other, have been cited as the aims of the (increased) use of industrial economics models and quantitative analysis. The objective of a (better) economic foundation in EU merger control is expressly welcomed. However, on closer analysis it is found that in point of fact the more economic approach in its present form creates less legal certainty, while the upshot in terms of the quality of the decision-making is at least unclear. At the same time, the (administrative) burden is likely to rise. Moreover, certain problems emerge for instance from the increasing involvement of economic experts or the possibilities for (industrial policy-related) political intervention. In conclusion, a broader perception of an economics-based approach which takes account especially of the institutional implications is called for. Specific recommendations are the establishment of an independent competition authority and the stronger orientation of merger control to (more) general rules.en_US
dc.language.isoengen_US
dc.publisherDeutsche Bank Research Frankfurt a. M.-
dc.relation.ispartofseriesResearch notes working paper series 21een_US
dc.subject.jelF02en_US
dc.subject.jelK21en_US
dc.subject.jelL40en_US
dc.subject.ddc330en_US
dc.subject.keywordCompetition policyen_US
dc.subject.keywordEU merger controlen_US
dc.subject.keywordeconomic analysisen_US
dc.subject.stwFusionskontrolleen_US
dc.subject.stwEU-Staaten-
dc.subject.stwKritik-
dc.subject.stwIndustrieökonomik-
dc.subject.stwEU-Wirtschaftsrecht-
dc.titleThe "more economic approach" in EU merger control: A critical assessmenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn509640176en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:dbrrns:21e-
Appears in Collections:Research Notes, Deutsche Bank Research

Files in This Item:
File Description SizeFormat
PROD0000000000196093.pdf360.28 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.