Ex Post Economic Evaluation of Competition Policy

Ex Post Economic Evaluation of Competition Policy
Author: Fabienne Ilzkovitz
Publisher: Kluwer Law International B.V.
Total Pages: 546
Release: 2020-05-18
Genre: Law
ISBN: 9403512822

Competition authorities are increasingly interested in understanding the impact of their activities on markets and consumers. The goal is to improve competition policy rules and decision-making practices and to get robust evidence on the benefits of competition and competition policy for society as a whole. Discussions with competition authorities, practitioners and academics have shown the need to take stock of the experience gained in this field by the European Commission and to present it in an easily accessible way. The studies collected in this volume – prepared by senior Commission officials and competition policy experts – range from the ex post evaluation of specific policy interventions to the assessment of the broader impact of competition policy. The issues and topics examined include the following: objectives and scope of evaluations by the European Commission; description of counterfactual evaluation techniques used; conditions for a successful ex post evaluation of a competition policy intervention; a wide selection of individual cases covering a variety of economic sectors; applications in merger control, antitrust and State aid; direct benefits of competition policy interventions for consumers; deterrent effects of such interventions on market participants; and macroeconomic outcomes in terms of job creation, productivity and GDP growth. This matchless book assembles within a single volume all that is needed for competition policy analysts and practitioners to undertake ex post economic evaluations. While its collection of state-of-the-art ex post evaluation studies has a clear value for competition authorities, it is sure to be welcomed as well by competition law practitioners in the private sector, who will greatly appreciate the effort made to cast a critical eye on decisions taken in the past. Moreover, it allows for addressing some of the new challenges facing competition policymakers. Fabienne Ilzkovitz is Principal Advisor responsible for the economic evaluation of competition policy within the Directorate-General for Competition of the European Commission, and since 2014, she has coordinated various ex post evaluation projects in the Directorate-General. She is also Associate Professor of Economics in the Solvay Brussels School of Economics and Management at the Université Libre de Bruxelles, Belgium. Adriaan Dierx is Senior Expert on ex post economic evaluation within the Directorate-General for Competition of the European Commission. He has managed a number of studies aimed at assessing the economic impact of the European Commission’s competition policy interventions.

The Shaping of EU Competition Law

The Shaping of EU Competition Law
Author: Pablo Ibáñez Colomo
Publisher: Cambridge University Press
Total Pages: 389
Release: 2018-07-12
Genre: Law
ISBN: 1108429424

A ground breaking study of how the interaction between the European Commission and the EU Courts has shaped EU competition law.

EU Merger Control

EU Merger Control
Author: Ioannis Kokkoris
Publisher: OUP Oxford
Total Pages: 0
Release: 2014-01
Genre: Law
ISBN: 9780199644131

Economic issues play a pivotal role in competition enforcement. Integrating economic and legal analysis throughout, this work provides expert coverage of both the substantive and procedural law relating to merger control in the EU, considering EU and national case law. The key substantive and procedural issues in the US are also considered.

European Competition Law and Economics

European Competition Law and Economics
Author: Roger van den Bergh
Publisher: Intersentia nv
Total Pages: 617
Release: 2001
Genre: Antitrust law
ISBN: 9050951619

The aim of this book is to explore the economic fundamentals of European competition law.

Mergers and Merger Remedies in the EU

Mergers and Merger Remedies in the EU
Author: Stephen Davies
Publisher: Edward Elgar Publishing
Total Pages: 283
Release: 2008-01-01
Genre: Business & Economics
ISBN: 1847209971

. . . for practitioners considering whether to use economists to evaluate merger proposals, this book provides a relevant insight into the types of information that would be necessary to develop even a basic simulation model, and some guidance as to circumstances where such technique may be appropriate. Vanessa Holliday, Competition and Consumer Law Journal . . . highly recommended for practitioners as well as academics interested in merger remedies. Arndt Christiansen, European Competition Law Review Headlines are made when the European Commission prohibits a merger, but this is actually very rare. Clearances subject to conditions (i.e. remedies) happen ten times as frequently, but have received far less attention in academic literature. This book provides an empirical assessment of the effectiveness of merger remedies, employing a novel simulation methodology based on formal economic theory. The authors were given unprecedented access to data available to case handlers, concerning a range of remedied mergers covering 21 markets. Using this they have adapted simple simulation techniques to appraise the competitive effects of these mergers and the impact of potential and actual remedies. Ex-ante results are then compared with ex-post impact to examine the actual effectiveness of remedies. The results provide a critique of both simple market share analysis and remedy design. This research thus contributes to economics research and practical merger policy. This rare empirical assessment of the efficacy of remedies in competition policy will be of great significance and interest to policy makers, as well as to economists, lawyers, practitioners and students in competition law.

An Introduction to EU Competition Law

An Introduction to EU Competition Law
Author: Moritz Lorenz
Publisher: Cambridge University Press
Total Pages: 427
Release: 2013-04-25
Genre: Law
ISBN: 1107067324

Succinct and concise, this textbook covers all the procedural and substantive aspects of EU competition law. It explores primary and secondary law through the prism of ECJ case law. Abuse of a dominant position and merger control are discussed and a separate chapter on cartels ensures the student receives the broadest possible perspective on the subject. In addition, the book's consistent structure aids understanding: section summaries underline key principles, questions reinforce learning and essay discussion topics encourage further exploration. By setting out the economic principles which underpin the subject, the author allows the student to engage with the complexity of competition law with confidence. Integrated examples and an uncluttered writing style make this required reading for all students of the subject.

Law and Economics in European Merger Control

Law and Economics in European Merger Control
Author: Ulrich Schwalbe
Publisher: Oxford University Press
Total Pages: 477
Release: 2009-10
Genre: Business & Economics
ISBN: 0199571813

Co-written by an expert lawyer and economist, this book provides a thorough guide to the economic theory behind the regulation of mergers. The economic theory is then used to analyse the current state of European competition law, and test the success of the European Commission's search for a 'more economic approach' to merger regulation.