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Vol 21 No 10 Oct/Nov 2016

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Law and Economics in European Merger Control


ISBN13: 9780199571819
Published: September 2009
Publisher: Oxford University Press
Country of Publication: UK
Format: Hardback
Price: £127.50



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Law and Economics in European Merger Control provides a thorough introduction to the economic theory underlying the regulation of mergers. The central economic concepts of efficiency and welfare are introduced and their role in the foundations of competition law is explained. Market structures of perfect competition, monopoly and oligopoly are analysed and the methods for delineating and evaluating the effects of mergers on markets are explained.

Having examined the economic context, the book then proceeds to offer an exhaustive analysis of the application of economic theory in the practice of merger regulation in Europe. Through an analysis of more than 300 competition cases the book critiques the current state of EC competition law against its economic aims, and offers views for the future development of the law.

It also sets out an account of the European Commission's search for a 'more economic approach' to competition law, and analyses the policy's successes and failures.

Subjects:
Competition Law
Contents:
Introduction

Part 1: Economic Foundations
Efficiency concepts in economic theory
Competition and efficiency

Part 2: Market Power, market dominance and market definition
Market power and price elasticities
Market power, market dominance and effective competition - economic and legal aspects
Determining market power and market dominance

Part 3: Effects of changes in market structure
Introduction
Single market dominance
Non-coordinated effects
Coordinated effects and collective dominance
Other factors relevant to the assessment of mergers
Conclusion

Literature