Starjournal Quotation Duso, Tomaso , Gugler, Klaus, Szücs, Florian. 2013. An Empirical Assessment of the 2004 EU Merger Policy Reform. Economic Journal, 123, 596-619.




We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework focusing on four different policy dimensions: predictability, decision errors, reversion of anti-competitive rents and deterrence. We find that after the reform, the predictability and the accuracy of decisions have improved. Yet, the policy shift away from prohibitions, which entail both an immediate and a deterrent effect, does not seem to be well grounded.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economic Journal
Citation Index SSCI
WU Journalrating 2009 A+
Starjournal Y
Language English
Title An Empirical Assessment of the 2004 EU Merger Policy Reform
Volume 123
Year 2013
Page from 596
Page to 619
Reviewed? Y
Open Access Y


Gugler, Klaus (Details)
Szücs, Florian (Details)
Duso, Tomaso (DIW Berlin and Duesseldorf Institute for Competition Economics, Germany)
Department of Economics DP (Details)
Research Institute for Regulatory Economics FI (Details)
Department of Economics (Gugler) (Details)
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