Law and Economics in European Merger Control by Ulrich Schwalbe

Law and Economics in European Merger Control

byUlrich Schwalbe, Daniel Zimmer

Hardcover | October 24, 2009

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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. Marketstructures 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 againstits 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.

About The Author

Ulrich Schwalbe is Professor of Economics at the Universitat Bonn. Daniel Zimmer is Professor of Law at the Universitat Bonn.
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Details & Specs

Title:Law and Economics in European Merger ControlFormat:HardcoverDimensions:400 pagesPublished:October 24, 2009Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199571813

ISBN - 13:9780199571819

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Table of Contents

IntroductionPart 1: Economic FoundationsEfficiency concepts in economic theoryCompetition and efficiencyPart 2: Market Power, market dominance and market definitionMarket power and price elasticitiesMarket power, market dominance and effective competition - economic and legal aspectsDetermining market power and market dominancePart 3: Effects of changes in market structureIntroductionSingle market dominanceNon-coordinated effectsCoordinated effects and collective dominanceOther factors relevant to the assessment of mergersConclusionLiterature