| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16705 |
| DP16705 Assessing EU Merger Control through Compensating Efficiencies | |
| Pauline Affeldt; Tomaso Duso; Klaus Gugler; Joanna Piechucka | |
| 发表日期 | 2021-11-09 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the European Commission between 1990 and 2018. Compensating efficiencies seem too large to be achievable for many mergers. Barriers to entry and the number of firms active in the market are the most important factors determining their size. We highlight concerns about the Commission's merger enforcement being too lax. |
| 主题 | Industrial Organization |
| 关键词 | Compensating efficiencies Efficiency gains Merger control Concentration Screens Hhi Mergers Unilateral effects Market definition Entry barriers |
| URL | https://cepr.org/publications/dp16705 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545641 |
| 推荐引用方式 GB/T 7714 | Pauline Affeldt,Tomaso Duso,Klaus Gugler,et al. DP16705 Assessing EU Merger Control through Compensating Efficiencies. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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