This article discusses the 2001 decision of the European Commission (EC) to block the GE/Honeywell merger, after it was approved by the Antitrust Division in the United States. The authors contend that the EC's decision reflects a rekindling of the fundamental battle between economic...

The recent GE/Honeywell skirmish between competing European and American antitrust enforcers shows that the fundamental battle between economic philosophies favoring greater concentration and (alleged) efficiency versus greater diversity and entrepreneurial opportunity is rekindling. The...