Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94785
Authors: 
Stennek, Johan
Verboven, Frank
Year of Publication: 
2001
Series/Report no.: 
IUI Working Paper 556
Abstract: 
This report studies the importance of efficiency gains from horizontal mergers. A general theme throughout this report is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason it seems appropriate to reconsider current practice in European merger control, which does not allow the merging parties to appeal to an efficiency defence. Our report provides a detailed examination of two main parts of an efficiency analysis. The first chapter considers the presence of efficiencies from mergers, with a focus on economies of scale. The second chapter consider the pass-on of efficiencies to consumers in the form of lower prices.
Subjects: 
Mergers & Acquisitions
Merger Control
Competition Policy
Antitrust
JEL: 
K21
L10
L40
Document Type: 
Working Paper

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