The New Substantive Test in the EC Merger Regulation—Bridging the Gap between Economics and Law?
2008 ◽
Vol 10
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pp. 263-285
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Keyword(s):
In the last 20 years, the application of EC competition law by the Commission has been increasingly informed by economics. However, whilst the Commission has operated an economically enlightened regime in the field of merger control as a whole, its policy on conglomerate mergers and ambiguity over the role of efficiencies have received adverse comment. Several defeats in the Court of First Instance suggested poor handling of economic evidence in the merger review process.