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Keyword: competition policy

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The search returned 2 results.

Killer Acquisitions in Digital Markets: journal article

Evaluating the Effectiveness of the EU Merger Control Regime

Claire Turgot

European Competition and Regulatory Law Review, Volume 5 (2021), Issue 2, Page 112 - 121

Large digital technology companies are suspected of engaging in a ‘killer acquisitions’ strategy whereby they acquire promising start-ups to eliminate potential future rivals or to integrate them into their own offerings, thereby cementing their dominance. Many of these transactions escape the scrutiny of competition authorities as they do not meet the notification thresholds. This has generated a growing sense of urgency about the need to amend the European Commission’s merger ‘toolbox’. However, an increasing reliance on non-traditional theories of harm may prevent consideration of the transaction’s substantial benefits for innovation and competition. This short contribution takes a critical look at current merger control and discusses the possibility of a more open approach to reviewing acquisitions in the digital space. Keywords: mergers, European Union, reform, online platforms, competition policy

Beyond the Policy Debate: How to Quantify Sustainability Benefits in Competition Cases journal article

Lessons Learned From Environmental Economics

Adina Claici, Jasper Lutz

European Competition and Regulatory Law Review, Volume 5 (2021), Issue 3, Page 200 - 209

The competition community is currently busy discussing the role of competition policy in supporting the Green Deal and other EU sustainability objectives. In this paper, we look beyond the policy debate and focus on the application of economic methodologies in quantifying sustainability benefits potentially stemming from an agreement, a merger, or state aid. We zoom in on the current rules to identify the boundaries of what could be the basis for incorporating sustainability in such cases before presenting well-established tools and methodologies from environmental economics that can be used in the quantification of sustainability. As with any quantitative assessment, there is a trade-off between accuracy and cost, and the methodological choices should be based on the circumstances of each case. Keywords: sustainability benefits, competition policy, economic analysis

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