Mergers and Merger Remedies in the EU: Assessing the consequences for competition

Davies, Stephen and Lyons, Bruce (2007) Mergers and Merger Remedies in the EU: Assessing the consequences for competition. Edward Elgar Publishing. ISBN 9781847207418

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Abstract

Headlines are made when the European Commission prohibits a merger, but this is actually very rare. Clearances subject to conditions (i.e. remedies) happen ten times as frequently, but have received far less attention in academic literature. This book provides an empirical assessment of the effectiveness of merger remedies, employing a novel simulation methodology based on formal economic theory. The authors were given unprecedented access to data available to case handlers, concerning a range of remedied mergers covering 21 markets. Using this they have adapted simple simulation techniques to appraise the competitive effects of these mergers and the impact of potential and actual remedies. Ex-ante results are then compared with ex-post impact to examine the actual effectiveness of remedies. The results provide a critique of both simple market share analysis and remedy design. This research thus contributes to economics research and practical merger policy.

Item Type: Book
Faculty \ School: Faculty of Social Sciences
Faculty of Social Sciences > School of Economics
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Depositing User: Vishal Gautam
Date Deposited: 09 Dec 2010 18:02
Last Modified: 25 Jul 2019 05:13
URI: https://ueaeprints.uea.ac.uk/id/eprint/16336
DOI:

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