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Europeanization of EU member-state competition policy: The commission's leadership role

Author

Listed:
  • Barros, Pedro P.
  • Clougherty, Joseph A.
  • Seldeslachts, Jo
Abstract
The European Commission (EC) has long intended to play a leadership role in setting a pan-European competition policy; yet, both centralized and decentralized tendencies have been manifest in the European context for competition policy. It is not clear then whether these leadership intentions translate into actual leadership by the EC. We shed light on this issue by considering and estimating whether the EC's leadership is both evident and robust. We present a framework that highlights the costs to Member States of diverging from EC merger policy norms. Employing cross-national panel data (covering 1994–2005) on European merger control, we find that changes in the EC's proclivity to remedy mergers are reflected in Member States in subsequent years. Thus, the European Commission appears to play a leadership role in setting the tenor of merger policy throughout Europe.

Suggested Citation

  • Barros, Pedro P. & Clougherty, Joseph A. & Seldeslachts, Jo, 2013. "Europeanization of EU member-state competition policy: The commission's leadership role," International Review of Law and Economics, Elsevier, vol. 34(C), pages 41-51.
    • Handle: RePEc:eee:irlaec:v:34:y:2013:i:c:p:41-51
    DOI: 10.1016/j.irle.2012.11.001
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    References listed on IDEAS

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    1. Jo Seldeslachts & Joseph A. Clougherty & Pedro Pita Barros, 2009. "Settle for Now but Block for Tomorrow: The Deterrence Effects of Merger Policy Tools," Journal of Law and Economics, University of Chicago Press, vol. 52(3), pages 607-634, August.
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    9. Bruce R. Lyons, 2004. "Reform of European Merger Policy," Review of International Economics, Wiley Blackwell, vol. 12(2), pages 246-261, May.
    10. Tomaso Duso & Damien J. Neven & Lars-Hendrik Röller, 2007. "The Political Economy of European Merger Control: Evidence using Stock Market Data," Journal of Law and Economics, University of Chicago Press, vol. 50(3), pages 455-489.
    11. Joseph A. Clougherty, 2005. "Antitrust holdup source, cross‐national institutional variation, and corporate political strategy implications for domestic mergers in a global context," Strategic Management Journal, Wiley Blackwell, vol. 26(8), pages 769-790, August.
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    15. Klaus Gugler & Dennis C. Mueller & B. Burçin Yurtoglu, 2006. "The Determinants of Merger Waves," CIG Working Papers SP II 2006-01, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
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    Cited by:

    1. Clougherty, Joseph A. & Duso, Tomaso & Lee, Miyu & Seldeslachts, Jo, 2016. "Effective European Antitrust : Does EC Merger Policy Generate Deterrence?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 54(4), pages 1884-1903.
    2. Anu Bradford & Adam S. Chilton & Christopher Megaw & Nathaniel Sokol, 2019. "Competition Law Gone Global: Introducing the Comparative Competition Law and Enforcement Datasets," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 16(2), pages 411-443, June.

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    More about this item

    Keywords

    Antitrust; Competition; Merger policy; Leader–follower; Institutions;
    All these keywords.

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

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