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Law and Economics in European Merger Control

Author

Listed:
  • Schwalbe, Ulrich

    (Professor of Economics, University of Hohenheim)

  • Zimmer, Daniel

    (Professor of Law, Universitat Bonn)

Abstract

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.

Suggested Citation

  • Schwalbe, Ulrich & Zimmer, Daniel, 2009. "Law and Economics in European Merger Control," OUP Catalogue, Oxford University Press, number 9780199571819.
    • Handle: RePEc:oxp:obooks:9780199571819
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    Cited by:

    1. Oliver Budzinski, 2010. "An Institutional Analysis of the Enforcement Problems in Merger Control," Working Papers 101/10, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    2. Trost, Michael, 2018. "The whole is greater than the sum of its parts: Pricing pressure indices for mergers of vertically integrated firms," Hohenheim Discussion Papers in Business, Economics and Social Sciences 06-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    3. Skoczny, Tadeusz, 2011. "Consolidation of the polish electricity sector. The merger law perspective," MPRA Paper 34893, University Library of Munich, Germany.
    4. Haucap, Justus & Schwalbe, Ulrich, 2011. "Economic principles of state aid control," DICE Discussion Papers 17, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).

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