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Making European Merger Policy More Predictable

By: Voigt, Stefan [author.].
Contributor(s): Schmidt, Andr� [author.2 ] | SpringerLink (Online service)0.
Material type: materialTypeLabelBookBoston, MA : Springer US, 2005. Description: XII, 194 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9781402030901.Subject(s): Public international law | Industrial organization | European Economic Community literature | Economic policy | Law and economics.1 | Economics.2 | Economic Policy.2 | European Integration.2 | Industrial Organization.2 | Law and Economics.2 | Public International Law.1DDC classification: 338.9 Online resources: Click here to access online
Contents:
Predictability as a Crucial Condition for Economic Growth and Development -- Developments in Competition Theory -- Trends in the Business Environment -- Possible Consequences of Trends in Theory (B) and Developments in Business (C) for Competition Policy -- Case Studies -- Practical Proposals.
In: Springer eBooks08Summary: Making European Merger Policy More Predictable analyses European Merger Control with regard to its capacity to generate predictability among the concerned parties. Starting from the premise that predictability is of overwhelming importance for the functioning of market economies, Voigt and Schmidt ask to what degree European Merger Control has been predictable over the last couple of years. The authors show both theoretically and empirically that there have been serious shortcomings with regard to the predictability of competition policy. They identify the insufficient recognition of the consequences of globalization on the competitive processes as well as an often inconsistent application of economic theory as the root causes for the lack of predictability. The inconsistent application of economic theory is particularly relevant with regard to potential competition and the evaluation of collective dominance. The authors generate a substantial number of proposals that could help to improve predictability. On this basis, Voigt and Schmidt critically assess the recent reforms of European Merger Control.
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PK Kelkar Library, IIT Kanpur
Available EBK5553
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Predictability as a Crucial Condition for Economic Growth and Development -- Developments in Competition Theory -- Trends in the Business Environment -- Possible Consequences of Trends in Theory (B) and Developments in Business (C) for Competition Policy -- Case Studies -- Practical Proposals.

Making European Merger Policy More Predictable analyses European Merger Control with regard to its capacity to generate predictability among the concerned parties. Starting from the premise that predictability is of overwhelming importance for the functioning of market economies, Voigt and Schmidt ask to what degree European Merger Control has been predictable over the last couple of years. The authors show both theoretically and empirically that there have been serious shortcomings with regard to the predictability of competition policy. They identify the insufficient recognition of the consequences of globalization on the competitive processes as well as an often inconsistent application of economic theory as the root causes for the lack of predictability. The inconsistent application of economic theory is particularly relevant with regard to potential competition and the evaluation of collective dominance. The authors generate a substantial number of proposals that could help to improve predictability. On this basis, Voigt and Schmidt critically assess the recent reforms of European Merger Control.

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