EU Competition Policy since 1990: How Substantial Is Convergence Towards U.S. Antitrust?
Copenhagen Business School
September 28, 2013
Journal of CENTRUM Cathedra: The Business and Economics Research Journal, Vol. 6, Issue 2, pp. 273-294, 2013
In spite of the evidence of strong influence on the incorporation of policy provisions from the U.S. antitrust into the recent competition policy reforms in the European Union (EU), few considerable attempts have been made to analyze the influence of U.S. antitrust on EU competition policy in anticartel enforcement policies, antimonopoly regulation, and the regulation of mergers and acquisitions. The purpose of this article is to fill the gap by attempting to link EU competition policy with U.S. antitrust, provide a critical overview of the most important elements of European competition policy reforms, carry out a comparative analysis between EU and U.S. competition policies, detect convergence or divergence, and account for the degree of convergence and for the relevant mechanisms triggering convergence. The main focus is on the analysis of anticartel enforcement policy, antimonopoly policy, and merger control.
Number of Pages in PDF File: 22
Keywords: EU competition policy, U.S. antitrust, convergence, regulation 1/2003, anticartel enforcement, leniency notice, abuse of market dominance, merger control, merger regulation 139/2004
JEL Classification: K21
Date posted: September 30, 2013 ; Last revised: January 25, 2014
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