This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. Clean from markings. In fair condition, suitable as a study copy. Dust jacket in fair condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,700grams, ISBN:9781847207418.

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Bibliographic Details

Title

Mergers and Merger Remedies in the EU: Assessing the Consequences for Competition

Publisher

Edward Elgar Publishing Ltd

Publication Date

2007

Language

English

ISBN 10

1847207413

ISBN 13

9781847207418

Binding

Hardcover

Condition

Fair

Dust Jacket Condition

Dust Jacket Included

Weight

700 grams

Seller catalogs

Economics

About this title

Synopsis

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.

This rare empirical assessment of the efficacy of remedies in competition policy will be of great significance and interest to policy makers, as well as to economists, lawyers, practitioners and students in competition law.

About the Author

Stephen Davies, Professor of Economics and Member of ESRC Centre for Competition Policy (CCP), University of East Anglia, UK and Bruce Lyons, Professor of Economics and Deputy Director, ESRC Centre for Competition Policy (CCP), University of East Anglia, UK

"About this title" may belong to another edition of this title.

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