Investigating transatlantic merger policy convergence

Szücs, Florian

doi:10.1016/j.ijindorg.2012.08.002

Cited by 7 publications

(4 citation statements)

References 19 publications

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“…Similar to this study, Szücs (2012) investigates the convergence between US and EU merger policy following the 2004 EU merger policy reform. In particular, he uses a sample of 309 EU and 286 US merger cases scrutinized by DG Comp and the FTC, respectively, between 1991 and 2008.…”

Section: Previous Literaturementioning

confidence: 96%

“…It is argued that the dominance test was deficient in cases of collective dominance and tacit collusion, and that the "substantial lessening of competition" test employed by the United States' Federal Trade Commission (FTC) would be preferable. After the 2004 reform, the test used by the European Commission can be most accurately described as a significant impediment of effective competition (SIEC) test, which is more closely aligned with US practice (Bergman et al, 2007;Szücs, 2012).…”

Section: Institutional Detailsmentioning

confidence: 99%

“…The merger reform reduces the probability of challenge by between 8 and 16 percentage points. also estimates separate pre-and post-reform models and applies the methodology used by Bergman et al (2010), Szücs (2012), and Bergman et al (2016) by predicting the probability of challenge for pre-reform mergers using the post-reform model and vice versa.…”

Section: Previous Literaturementioning

confidence: 99%

See 2 more Smart Citations

25 years of European merger control

Affeldt

Duso

Szücs

2021

International Journal of Industrial Organization

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We study the evolution of the EC's merger decision procedure over the first 25 years of European competition policy. Using a novel dataset constructed at the level of the relevant markets and containing all merger cases over the 1990-2014 period, we evaluate how consistently arguments related to structural market parameters were applied over time. Using non-parametric machine learning techniques, we find that the importance of market shares and concentration measures has declined while the importance of barriers to entry and the risk of foreclosure has increased in the EC's merger assessment following the 2004 merger policy reform.

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Section: Previous Literaturementioning

confidence: 96%

Section: Institutional Detailsmentioning

confidence: 99%

Section: Previous Literaturementioning

confidence: 99%

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25 years of European merger control

Affeldt

Duso

Szücs

2021

International Journal of Industrial Organization

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“…Thus, not every comparison yields prediction differences. 30 Comparing outcomes with hypothetical or ''adjusted'' outcomes has a long history in the labor economics literature (see, Altonji and Blank 1999) and has been recently applied in comparing merger enforcement policies (e.g., Bergman et al 2010;Szücs 2012). hypothetical rate that would occur were they treated as price markets. For the pooled model, this calculation is implemented by subtracting the contribution of the Price Competition variable from the computed fitted values that are generated by the pooled equation for industries with price competition to define simulations for nonprice industries.…”

Section: Price Versus Non-price Competition Industriesmentioning

confidence: 99%

Unilateral Effects Analysis in Differentiated Product Markets: Guidelines, Policy, and Change

Coate

Ulrick

2015

Rev Ind Organ

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The Merger Guidelines highlight unilateral effects analysis as the primary anticompetitive theory in differentiated product markets. This study evaluates the Federal Trade Commission's historical record to determine what considerations drive the internal review process, if these considerations depend on the type of competition within the differentiated market under review, and if policy has changed much over the 20 years since the 1992 Merger Guidelines were issued. The results identify the importance of price-based competition to the analysis, as markets that are characterized by price competition tend to generate significantly higher estimates for the probability of a unilateral effects finding, all else equal, especially when repositioning is difficult. Moreover, a little fluctuation is detected in policy, but no real evidence of change over the 20-year period of the study exists.

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Does Merger Policy Converge After the 2004 European Union Reform?

Bergman

Coate

Van

et al. 2019

Journal of Competition Law &Amp; Economics

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The European Union (EU) formally changed its merger policy in 2004, moving from a dominance standard to one based on a significant impediment of effective competition, which appears more closely aligned with the U.S. substantial lessening of competition standard. We use data from both before and after this reform to explore whether EU policy has converged toward the U.S. standard. We start by identifying changes in the EU regime and detect a softer EU policy for unilateral effects. We model the outcomes of EU and U.S. investigations with logit models and use their predictions in decompositions and other exercises to show policy convergence for unilateral effects cases.

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Investigating transatlantic merger policy convergence

Cited by 7 publications

References 19 publications

25 years of European merger control

25 years of European merger control

Unilateral Effects Analysis in Differentiated Product Markets: Guidelines, Policy, and Change

Does Merger Policy Converge After the 2004 European Union Reform?

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