| Author: | Barros, P.P. |
| Title: | Looking behind the curtain–effects from modernization of European Union competition policy |
| Journal: | European Economic Review
2003 : AUG, VOL. 47:4, p. 613-624 |
| Index terms: | Competition Policy European Union |
| Language: | eng |
| Abstract: | The European Commission issued a proposal for reform of some aspects of Communitary competition policy. In particular, proposes a shift from ex-ante control (notification system) to an ex-post control regime of agreements (or decisions) conflicting with Article 81 (Ex-Article 85). This paper highlights the expected effects of this shift on the type of agreements that firms will implement. The type of agreements has been taken as exogenous in most analysis of the reform proposal. It is contended that significant economic effects may result from recognizing the endogeneity of agreements. The paper predicts that the proposed reform will result, in general, in firms implementing less restrictive agreements. |
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