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European Merger Control: Do We Need an Efficiency Defence?

Overview The purpose of this paper is to discuss two questions. Should a merger control system and, in particular, the European system of merger control, include an "efficiency defence", i.e. a system allowing to take into account the possible efficiencies from mergers and how should a system be designed to balance the efficiency gains against the anti-competitive effects? To help answer these two questions, the paper starts by explaining the economic and political reasons that justify the introduction of an "efficiency defence" in a merger control policy. Next, the current legislation and practice in the European Union, the United States and Canada is reviewed.

Further White Paper Details
Publisher	European Union	File Format	PDF
Date Published	November 2001	Downloads	2
Format	White Papers
Topics	Human Capital Management

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