GAUK-58410- Efficiency of EU Merger Control
|Principal investigator:||PhDr. Goran Serdarević M.A.|
prof. Ing. Michal Mejstřík CSc.
prof. PhDr. Petr Teplý Ph.D.
|Description:||The EU merger regulation has been operating for almost two decades, promoting the idea of fair competition at the Common market and protecting consumers from negative effects of anti-competitive mergers. The Court of First Instance reversals in 2002 raised serious concerns about the appropriateness of the Commission’s evaluation and fostered the already recognized need for the reform of merger policy that would bring a more economic approach into the appraisal process. The reform process culminated in 2004 with new legislation that should have been able to provide a more transparent, efficient and economic oriented framework for the merger appraisal in the European Union. The main goal of this project is to evaluate the real impact of the reform on the efficiency of the merger regulation in the European Union, especially with respect to the current global economic crisis, the regionalization of the markets and the new trends in the M&A area. We cover the key methods of the regulatory efficiency measurement and provide our own analysis based on the unique data sample. Main result of the project should be a consistent methodology of a regulatory efficiency measurement and the consistent and unbiased estimates of the quality of an after-reform EU merger control.|
|Work in grant:|