EconStor >
Philipps-Universität Marburg >
Faculty of Business Administration and Economics, Philipps-Universität Marburg >
Marburg Papers on Economics • Marburger Volkswirtschaftliche Beiträge, Universität Marburg >

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

http://hdl.handle.net/10419/29830
  
Title:An economic perspective on the jurisdictional reform of the European merger control system PDF Logo
Authors:Budzinski, Oliver
Issue Date:2006
Series/Report no.:Marburger volkswirtschaftliche Beiträge 2006,08
Abstract:The jurisdictional elements of the comprehensive 2004 reform of EU merger control are worth being analysed against the background of economic theory. Competence allocation and delimitation represent important factors for the workability of multilevel merger control regimes. The economics of federalism offer an analytical framework that can be adopted in a modified version in order to assess competence allocation regimes in competition policy. According to these theoretical insights, a given competence allocation and delimitation regime can be evaluated in regard to four criteria: internalisation of externalities, cost efficiency (the one-stop-shop principle), preference orientation, and adaptability. The ‘old’ competence allocation and delimitation regime of EU merger control consisted of two elements: turnover thresholds and post-notification referrals. Analysis along the lines of the economics of federalism reveals considerable deficiencies of the ‘old’ regime. Thus, the results of the theoretical analysis are compatible to the dissatisfying empirical experience, which represented a major motivation for launching the reform process. However, the actual reform eventually left the turnover thresholds untouched. The main element of the jurisdictional reform was the introduction of pre-notification referrals and the addition of institutionalised network cooperation.
Subjects:competence allocation
economics of federalism
jurisdictional reform
JEL:L40
K21
D02
F02
B52
Document Type:Working Paper
Appears in Collections:Marburg Papers on Economics • Marburger Volkswirtschaftliche Beiträge, Universität Marburg

Files in This Item:
File Description SizeFormat
518537242.PDF108.39 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/29830

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