1 Introduction To International Merger Control Notes
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1 Introduction To International Merger Control Revision
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MCL - International Merger Control
International Merger Control 1- Introduction Mind Map Introduction (1) General view of Competition Law (2) Objective of anti-trust policy (3) Competitive markets
[Benefits & failure to ensure]
(4) Consumer welfare (5) Standard economic analyses welfare:
Perfect Competitive market - consumer surplus and producer surplus
Theory Concept of Efficiency Challenges to NeoCompetition Classical Model (1) "competition" Anti-competition (1) Social welfare (1) Workable competition agreements
- means "a (2) 4 types of efficiency: (2) Effective Competition Horizontal and process of rivalry
Static efficiency vertical between firms
- Allocative Abusive
- seeking to win
- Productive monopolist/behav business
Dynamic efficiency iour dominant firm overtime"
Transactional Mergers (2) Supply, demand efficiency
market (3) Type 1 Error - false
consumer equilibrium s deprived positive (there is pro(3) Market checking of choice competition; overprocess
Higher enforcement error by price competition authority) Public restriction Type 2 Error - False of competition negative (there is anticompetition; underenforcement error by competition authority)
Different School of Thought (1) Evolution of activist (2) Initial aim - protect all small businesses
Harvard School (Market Structure
- small business)
Chicago School (Consumer welfare)
PostChicago (Consumer Choice- consumer welfare; not market; look at behaviour of firm)
-Chicago (US anti-trust rules
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