Title Making European merger policy more predictable / by Stefan Voigt and André Schmidt

Published Dordrecht ; Norwell, MA : Springer, ©2005

Click on the following:
Springer Business and Economics eBooks
Springer eBooks

Copies

Description 1 online resource (xi, 194 pages) : illustrations Contents COVER -- TABLE OF CONTENTS -- PREFACE -- CHAPTER I: PREDICTABILITY AS A CRUCIAL CONDITION FOR ECONOMIC GROWTH AND DEVELOPMENT -- 1. Introductory Remarks -- 2. Some Theoretical Considerations Concerning Predictability -- 3. Some Empirical Results Concerning Predictability -- 4. The Predictability of European Merger Policy -- 4.1. A Survey Amongst Large European Firms -- 4.1.1. Before Notification -- 5. Proposals for Improving Predictability -- CHAPTER II: DEVELOPMENTS IN COMPETITION THEORY -- 1. Introductory Remarks -- 2. The Harvard Approach -- 2.1. Main Points -- 2.2. Policy Implications -- 2.3. Critique -- 3. The Chicago Approach -- 3.1. Main Points -- 3.2. Policy Implications -- 3.3. Critique -- 4. Contestability Theory -- 4.1. Main Points -- 4.2. Policy Implications -- 4.3. Critique -- 5. The Contribution of Game Theory: the New Industrial Organisation -- 5.1. Game Components -- 5.2. Advantages of Using Game Theory in Competition Theory -- 5.3. Critique Concerning the Use of Game Theory in Competition Theory -- 6. The Contribution of The New Institutional Economics: Transaction Cost Economics -- 6.1. Transactions and Transaction Costs -- 6.2. Assumptions of Transaction Cost Economics -- 6.3. Policy Implications -- 7. In lieu of a summary: Consensus and Dissensus Between the Various Approaches -- CHAPTER III: TRENDS IN THE BUSINESS ENVIRONMENT -- 1. Liberalisation as a Driving Force of Globalisation -- 1.1. General Trends -- 1.2. Sector-Specific Liberalisation -- 2. Economic and Technological Factors -- 2.1. Rapid Technological Change -- 2.2. Increasing Mobility of Supply -- 2.3. Developments in Transport Costs -- 2.4. The Internet -- 2.5. Homogenisation of Preferences -- 2.6. Rapid Change of Consumption Patterns -- 3. Conclusions -- CHAPTER IV: POSSIBLE CONSEQUENCES OF TRENDS IN THEORY (B) AND DEVELOPMENTS IN BUSINESS (C) FOR COMPETITION POLICY -- 1. Introduction -- 2. From Market Definition to Assessing Dominance -- 2.1. The Standard Approach -- 2.2. Consequences of Recent Theoretical Developments -- 2.3. Consequences of Recent Trends in Business Environment -- 2.4. Current EU Practice -- 2.5. Proposals Towards Enhancing Predictability -- 2.5.1. Simple Tools -- 2.5.2. Improvements Due to Theoretical Developments -- 2.5.3. Improvements Due to Trends in the Business Environment -- 3. A Closer Look at Barriers to Entry and Contestability -- 3.1. The Standard Approach -- 3.2. Consequences of Recent Theoretical Developments -- 3.3. Consequences of Recent Trends in the Business Environment -- 3.4. Current EU Practice -- 3.5. Proposals Towards Enhancing Predictability -- 4. Assessing Collective Dominance -- 4.1. Standard Approach -- 4.2. Recent Theoretical Developments -- 4.3. Recent Trends in the Business Environment -- 4.4. Current EU Practice -- 4.5. Reform Proposals -- CHAPTER V: CASE STUDIES -- 1. Assessment of Barriers to Entry in European Merger Control: The Cases of Volvo/Scania, Mercedes-Benz/Kässbohrer, and MAN/Auwärter -- 1.1. Barriers to Entry in the Case of MERCEDES-BENZ/KÄSSBOHRER -- 1.2. Barriers to Entry in the Case of VOLVO/SCANIA -- 1.3. MAN/AUWÄRTER -- 1.4. Economic Assessment -- 2. Ass Summary "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."--Jacket Analysis economie economics bedrijfswetenschap management science economisch beleid economic policy integratie integration Europa Europe recht law internationaal recht international law publiek recht public law industrial organization Management studies, Business Administration, Organizational Science (General) Economics (General) Management, bedrijfskunde, organisatiekunde (algemeen) Economie (algemeen) Bibliography Includes bibliographical references (pages 185-190) and index Notes Print version record In Springer e-books Subject Consolidation and merger of corporations -- European Union countries Competition -- Government policy -- European Union countries Antitrust law -- European Union countries LAW -- Administrative Law & Regulatory Practice. Competition -- Government policy -- European Union countries. Antitrust law -- European Union countries. Consolidation and merger of corporations -- European Union countries. Affaires. Science économique. Economie de l'entreprise. Antitrust law Competition -- Government policy Consolidation and merger of corporations Fusies. Concurrentiebeleid. Controle. Economische aspecten. Economische politiek. Casestudies. Consolidation and merger of corporations -- European Union countries. Competition -- Government policy -- European Union countries. Antitrust law -- European Union countries. European Union countries Europese Unie. Form Electronic book Author Schmidt, André, 1967- ISBN 9781402030901 1402030908 1402030894 9781402030895 6610262349 9786610262342

  Permalink