Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/21884
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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 controlpolicy. This is visible not only in the new SIEC prohibition criterion and the criteriafor appraising horizontal mergers but also in more recent decision-makingpractice. 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 industrialeconomics models and quantitative analysis.The objective of a (better) economic foundation in EU merger control is expresslywelcomed. However, on closer analysis it is found that in point of fact the moreeconomic approach in its present form creates less legal certainty, while theupshot in terms of the quality of the decision-making is at least unclear. At thesame time, the (administrative) burden is likely to rise. Moreover, certain problemsemerge for instance from the increasing involvement of economic experts or thepossibilities for (industrial policy-related) political intervention.In conclusion, a broader perception of an economics-based approach which takesaccount especially of the institutional implications is called for. Specific recommendationsare the establishment of an independent competition authority and thestronger orientation of merger control to (more) general rules.en_US
dc.language.isoengen_US
dc.publisher|aDeutsche Bank Research |cFrankfurt a. M.-
dc.relation.ispartofseries|aResearch notes working paper series |x21een_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-

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