Recent merger cases show the European Commission’s increased interest in assessing local competition. In this article, published in the Journal of European Competition Law & Practice, Raphaël De Coninck and Mikaël Hervé discuss the economic principles underlying the Commission’s new customer-centric methodology, and shows how it could be further improved. Beyond local market definition and market share calculation, a wealth of empirical analyses can be conducted to better and more directly assess the likely impact of a transaction in local markets. For more information, click here.
The Role of Uncertainty in the Future European Horizontal Merger Guidelines: Lessons Learned From Illumina/GRAIL
Under these circumstances, it is however not entirely clear how the future competitive landscape will look like, merger effects cannot be modelled with a high...