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In current horizontal merger policy in the US and the EU an explicit efficiency defense is allowed. On both sides of …-wealth maximizing behavior. To tackle this problem I argue that efficiencies should not only be used as an efficiency defense, but … undertake a sequential efficiency test in their assessment of specific mergers …
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The question how mergers affect innovation has gained prominence in a number of recent merger cases. Accounting for the likely effects of mergers on innovation is difficult for a number of reasons though. First of all, the relationship between market concentration and innovation is far from...
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Nowadays, merger control predominantly relies upon a strict analysis of the effects from merger and acquisitions on effective competition. However, there is scope for so-called public interest considerations in several European merger control regimes and recently a number of European politicians...
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