Duso, Tomaso , Gugler, Klaus, Szücs, Florian. 2013. An Empirical Assessment of the 2004 EU Merger Policy Reform. Economic Journal, 123, 596-619.
BibTeX
Abstract
We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework focusing on four different policy dimensions: predictability, decision errors, reversion of anti-competitive rents and deterrence. We find that after the reform, the predictability and the accuracy of decisions have improved. Yet, the policy shift away from prohibitions, which entail both an immediate and a deterrent effect, does not seem to be well grounded.
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| Status of publication | Published |
|---|---|
| Affiliation | WU |
| Type of publication | Journal article |
| Journal | Economic Journal |
| Citation Index | SSCI |
| WU Journalrating 2009 | A+ |
| Starjournal | Y |
| Language | English |
| Title | An Empirical Assessment of the 2004 EU Merger Policy Reform |
| Volume | 123 |
| Year | 2013 |
| Page from | 596 |
| Page to | 619 |
| Reviewed? | Y |
| DOI | http://dx.doi.org/10.1111/ecoj.12081 |
| Open Access | Y |
Associations
- People
- Gugler, Klaus (Details)
- Szücs, Florian (Details)
- External
- Duso, Tomaso (DIW Berlin and Duesseldorf Institute for Competition Economics, Germany)
- Organization
- Department of Economics DP (Details)
- Research Institute for Regulatory Economics FI (Details)
- Department of Economics (Gugler) (Details)