Antitrust Review of Mergers in Transition Economies: A Comment, with Some Lessons from Brazil
William H. Page
University of Florida - Fredric G. Levin College of Law
Cincinnati Law Review, Vol. 66, No. 1113, 1998
William Kovacic's recent article, Merger Enforcement in Transition Economies, addresses important issues raised by the spread of antitrust worldwide following the collapse of the Soviet Union. Professor Page's comment on Kovacic expresses concerns that the fledgling antitrust regimes in countries with no tradition free markets will be unduly interventionist. To illustrate these concerns, the comment examines recent cases in which the Brazilian antitrust agency, CADE, blocked or imposed conditions on the approval of international acquisitions. In these instances, CADE?s economic analysis was questionable, particularly in light of the Brazil?s need for foreign investment.
Number of Pages in PDF File: 20
JEL Classification: L44Accepted Paper Series
Date posted: August 19, 1999 ; Last revised: April 8, 2009
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