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Industrial Concentration and the Chicago School of Antitrust Analysis A Critical Evaluation on the Basis of Effective Competition

By: Material type: ArticleArticleLanguage: English Series: Hohenheimer volkswirtschaftliche Schriften ; v.11Publication details: Bern Peter Lang International Academic Publishers 2018Description: 1 electronic resource (422 p.)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9783631753880
Subject(s): Online resources: Summary: After roughly 15 years of merger control application in the Federal Republic of Germany a <I>reassessment of the significance</I> of this instrument of antitrust policy seems necessary. This is particularly so in view of the <I>reorientation of merger</I> <I>control policy in the United States</I> which has been - in its original version - the model for the German merger control system.<BR> Concerning merger control, the reorientation is characterized by the notion that the <I>structure-conduct-performance paradigm</I> which has dominated U.S. antitrust for a quarter of a century is imprecise or even incorrect and «that bigness in business does not necessarily mean badness.»<BR> This makes the fundamental question arise of whether the German merger control system is still up to date in terms of the underlying market theory and of whether the <I>German Act Against</I> <I>Restraints of Competition</I> needs a reorientation towards aspects of market conduct and performance instead of market structure by means of a Fifth Amendment.
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Item type Current library Collection Shelving location Call number Status Notes Date due Barcode
Electronic edition Bucheon University Library Finance / Economics OAPEN 330 H74 v.11 Not for loan https://library.oapen.org/viewer/web/viewer.html?file=/bitstream/handle/20.500.12657/26869/1003174.pdf?sequence=1&isAllowed=y 1010941

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After roughly 15 years of merger control application in the Federal Republic of Germany a <I>reassessment of the significance</I> of this instrument of antitrust policy seems necessary. This is particularly so in view of the <I>reorientation of merger</I> <I>control policy in the United States</I> which has been - in its original version - the model for the German merger control system.<BR> Concerning merger control, the reorientation is characterized by the notion that the <I>structure-conduct-performance paradigm</I> which has dominated U.S. antitrust for a quarter of a century is imprecise or even incorrect and «that bigness in business does not necessarily mean badness.»<BR> This makes the fundamental question arise of whether the German merger control system is still up to date in terms of the underlying market theory and of whether the <I>German Act Against</I> <I>Restraints of Competition</I> needs a reorientation towards aspects of market conduct and performance instead of market structure by means of a Fifth Amendment.

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