The 2008 Non-Horizontal Merger Guidelines of the European Commission did not entirely succeed in supplying a plausible … non-horizontal merger control has to prevent price increases due to short-term profit maximizing firms (as horizontal … merger control does) or whether it must contrast exclusionary conduct, of the type examined in the assessment of abuses of …

scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …