Abstract

http://ssrn.com/abstract=1424721
 
 

Citations (1)



 
 

Footnotes (31)



 


 



The ACCC Merger Guidelines: A Review


Henry Ergas


University of Wollongong - SMART Infrastructure Facility; Deloitte Access Economics

Eric Kodjo Ralph


EKonomics LLC

Alex R. W. Robson


Griffith University - Griffith Business School, Department of Accounting, Finance and Economics

June 23, 2009


Abstract:     
The Merger Guidelines released in March 2008 by the Australian Competition and Consumer Commission (ACCC) provide a guide to the analytical approach the ACCC intends to adopt to assessing mergers for the purposes of s.50 of the Trade Practices Act. The new Guidelines do a relatively good job in listing the factors that the contemporary economic literature identifies as potentially characterising mergers that reduce competition and harm consumer welfare. However, unlike the earlier Guidelines, they rarely explain the mechanism connecting the factors to the harm, and the conditions that need to be met for that harm to occur.

This paper provides a “user’s guide” to the Guidelines that explains the reasoning that underpins the Guidelines’ assertions, and draws attention to the assumptions on which those assertions rest. We also provide an economic assessment of the Guidelines and recommend a simpler criterion by which the ACCC should judge mergers.

Number of Pages in PDF File: 22

Keywords: Mergers, Merger guidelines, Competition

JEL Classification: G34, D4, L1, L4

working papers series


Download This Paper

Date posted: June 26, 2009 ; Last revised: July 14, 2009

Suggested Citation

Ergas, Henry and Ralph, Eric Kodjo and Robson, Alex R. W., The ACCC Merger Guidelines: A Review (June 23, 2009). Available at SSRN: http://ssrn.com/abstract=1424721 or http://dx.doi.org/10.2139/ssrn.1424721

Contact Information

Henry Ergas (Contact Author)
University of Wollongong - SMART Infrastructure Facility ( email )
Northfields Avenue
Wollongong, New South Wales 2500
Australia
Deloitte Access Economics ( email )
9 Sydney Avenue
Barton
Canberra, Kingston 2600
Australia
Eric Kodjo Ralph
EKonomics LLC ( email )
706 S Milton Ave
Baltimore, MD 21224-3754
United States
+1-504-708-2342 (Phone)
+1-815-301-5449 (Fax)
HOME PAGE: http://www.ekonomicsllc.com
Alex R. W. Robson
Griffith University - Griffith Business School, Department of Accounting, Finance and Economics ( email )
Brisbane, Queensland 4111
Australia
Feedback to SSRN


Paper statistics
Abstract Views: 709
Downloads: 189
Download Rank: 91,794
Citations:  1
Footnotes:  31

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.250 seconds