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Competition

Merger control in dynamic markets

 

 26 February 2020  Paris  

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The modern competition dynamics observed in rapidly-evolving sectors, such as high-technology, consumer services and online retail, is challenging the role of competition authorities in merger control, where enforcement decisions fundamentally depend on an effects-based analysis of the likely future effects of the merger. As these sectors are typically characterised by high entry and exit rates, as well as innovations that continuously disrupt existing business models and create entirely new markets, it is increasingly harder for authorities to predict how markets will evolve in order to support merger decisions. This is further aggravated by the fact that many of the merger tools currently available tend to focus on static measures of competition.

In December 2019, the Global Forum on Competition held a discussion on the topic to understand the relelevant timeframe of merger control and to try to determine how far into the future should authorities look when assessing the effects of a merger. Delegations have further discussed the topic in three breakout sessions to see how to adapt in practice the different stages of the review process, in order to better assess mergers in dynamic environments: breakout sessions 1 and 2 focused on the competitive assessment of mergers, breakout session 3 on efficiency effects and design of remedies.

In February 2020 the topic was once more explored at the 2020 OECD Competition Open Day. To watch the discussion click here.

  

2020 OECD COMPETITION OPEN DAY

Mergers in dynamic markets is one of the topics of our next OECD Competition Open Day being held in Paris on 26 February 2020. A networking event open to all competition community and the media. 

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WATCH THE WEBCAST

 

» See a video about the event

Speakers

Giulio FEDERICO Bio  
Head of Unit, Chief Economist Team, DG COMP, European Commission

Geoffrey MANNE Bio  
President & Founder, International Center for Law and Economics

Helder VASCONCELOS Bio ‌ 
Vice-Rector, Porto University

Documents

Call for contributions

OECD Background note by the Secretariat

Paper by Eric Fruits, Justin (Gus) Hurwitz, Geoffrey A. Manne, Julian Morris, and Alec Stapp

Summaries of contributions

Brazil

Colombia

Chile (FNE)

Egypt

European Union

France French | English

India

Japan 

Kenya

Korea

Malaysia

Moldova

Romania

Russian Federation

Singapore

South Africa

Chinese Taipei

United Kingdom

United States

BIAC

Presentations
 
 
 
 
 
Related links

Vertical mergers in the technology, media and telecom sector, OECD Policy Roundtables 2019

Non-price effects of mergers, OEDC Policy Roundtables 2018

Common ownership by institutional investors and its impact on competition, OECD Policy Roundtables 2017

Competition, Patents and Innovation II, OECD Policy Roundtables 2009

Dynamic Efficiencies in Merger Analysis, OECD Policy Roundtables 2007

OECD Competition Youtube channel 

Global Forum website

Full list of Competition Policy Roundtables

 

 

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