-The present publication is intended as a contribution to the current debate on a review of the European merger regulation without reflecting necessarily the position of the European Commission. The first part consits of an outline of the economic and political reasons that justify the introduction of an 'efficiency defence' in merger control policy. The study in the second part examines in more detail the economic theory concerning the effficiency effects of mergers and surveys the empirical ecidence.
The European Commission will shortly issue a Green Paper on the review of the European merger regulation. This Green Paper will call for comments on a wide range of questions, including the proper role and scope of efficiency considerations in the control of mergers. The present publication is intended as a contribution to the debate on this question. It must be emphasised that the views expressed in the papers printed here are those of the authors and do not necessarily reflect the attitude of the European Commission.
Report: The efficiency defence and the European system of merger control
© European Commission
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