2006–2010

A Consumer Surplus Defense in Merger Control

Reprint No. 2007:7

Author(s): Sven-Olof FridolfssonYear: 2007 Title: The Political Economy of Antitrust Chapter: 11Editor(s): Vivek Ghosal and Johan StennekPublisher: ElsevierCity: Amsterdam Pages: 287–302


A government wanting to promote an efficient allocation of resources as measured by the total surplus, should strategically delegate to its competition authority a welfare standard with a bias in favor of consumers. A consumer bias means that some welfare increasing mergers will be blocked. This is optimal, if the relevant alternative to the merger is another change in market structure that will even further increase the total surplus. Furthermore, a consumer bias is shown to enhance welfare even though it blocks some welfare increasing mergers when the relevant alternative is the status quo.


Reference:
Fridolfsson, Sven-Olof (2007), "A Consumer Surplus Defense in Merger Control". Chapter 11, pp. 287–302 in Vivek Ghosal and Johan Stennek, eds., The Political Economy of Antitrust. Amsterdam: Elsevier.

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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