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Incomplete Contracting, Commission Discretion and the Origins of EU Merger Control

Datos Bibliográficos

ID6281028
AutoresThomas Doleys, Thomas J Doleys (0000-0003-3225-1069, Kennesaw State University, autor de correspondencia)
Año2009
Volumen47
Número3
Páginas483-506
Fecha de publicación2009-06-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaJCMS Journal of Common Market Studies (JOURNAL)
Identificadores de la revistaISSN: 0021-9886 • E-ISSN: 1468-5965
EditorialWiley (PUBLISHER • GB)
DOI10.1111/j.1468-5965.2009.01813.x
OpenAlexW2089537092
IdiomaEN
Citas recibidas4
Referencias citadas37

Council Regulation 4064/89 on the Control of Concentration between Undertakings– more commonly known as the Merger Regulation – was a watershed development in the evolution of the EU's competition policy regime. In this article we seek to cast new analytical light on what, in many respects, is an established narrative. To do this we draw on insights from the new institutional economics (NIE). Specifically, we draw on the complementary concepts of incomplete contracting and delegation. We demonstrate how the Commission utilized the discretion attendant to its delegated authority to interpret and apply the indeterminate language of treaty competition articles so as to alter the economic, political and legal environment as it pertained to merger activity. It did so to such an extent that Member States, long resistant to Commission proposals for a merger control regulation, came to regard legislative action as preferable to the uncertainty represented by the evolving status quo

Business · Commission · Competition (biology · Control (management · Delegation · Discretion · Economics · Law and economics · Legislature · Management · Merger control · Political science · Politics · Status quo · Treaty · Economic Theory and Institutions · European and International Law Studies · Law · Merger and Competition Analysis · Public Administration

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Obras citantes distintas4
Citas por año0,29
Intervalo de citas2012 - 2026 (15)
Velocidad de citacióncurrent
Altamente citadoNo
Tipos de citaNeutras: 4
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