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Author: | Pass, Ch. Lowes, B. |
Title: | Maintaining competitive markets: UK and EC merger policy |
Journal: | Management Decision
1992 : VOL. 30:4, p.44-51 |
Index terms: | MARKETS COMPETITION UNITED KINGDOM POLICY EUROPEAN COMMUNITY MERGERS |
Language: | eng |
Abstract: | In recent years there has been a substantial increase in the number of mergers and takeovers. In the UK, the competition authorities have recently stepped up their attack on mergers considered to have serious anti-competitive effects. Thus, in terms of its impact on market structures in the UK, competition policy has had only a marginal impact and UK market concentration levels in general have shown a marked increase. UK merger policy is surveyed alongside a concurrent development - the introduction in 1990 of a new supranational Merger Regulation by the European Community. The application of policy control by reference to selected merger cases is highlighted. |
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