EU Merger Policy after the 2004 Reform: More Economic Approach, Fewer Challenges

Posted by Social Science Research Network

EU Merger Policy after the 2004 Reform: More Economic Approach, Fewer Challenges

By Federico Mini

Abstract:     I conduct an empirical analysis of European Commission’s decisions on horizontal mergers before and after the 2004 reform, which introduced a “more economic approach” to merger control. The new approach did not change the way the EC deals with mergers to monopoly or quasi-monopoly (almost always challenged) and mergers in very unconcentrated markets (almost never) — although the switch to the “significant impediment to effec…

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