2020 OECD GLOBAL FORUM ON COMPETITION EXPLORED ECONOMIC ANALYSIS IN MERGER INVESTIGATIONS Economic analysis is a fundamental part of merger control. It underpins the theories of harm that guide merger reviews, and it provides the tools to interpret evidence when assessing these theories. Economic expertise can be of value at each stage of a merger investigation, from evidence gathering to the assessment of remedies. The quantitative economic techniques used by competition authorities to analyse mergers range from diversion ratios, to pricing pressure indices, to merger simulations, among others. Several practical considerations and questions arise when using economic analysis in merger control, including: how to integrate economists into case handler teams, whether to use external expertise, and how to ensure economic analysis is easily comprehensible by decision-makers and courts. In December 2020, the OECD Global Forum on Competition discussed after the expert panel, in breakout sessions organised in two time periods to enable as many delegates to participate as possible. For each time period, there was three breakout groups focusing on either:
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Speakers
Herbert FUNG Bio
![]() Senior Director (Business and Economics), Competition and Consumer Commission (CCCS), Singapore
Guilherme MENDES RESENDE Bio
![]() Chief Economist, CADE, Brazil
Pierre RÉGIBEAU Bio
Chief Competition Economist, European Commission Oren RIGBI Bio
![]() Chief Economist, Israel Competition Authority
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GFC blog series
This blog series is based on the 2020 Global Forum on Competition agenda and highlights some of the key issues that each session will address. #1 How can competition law tackle misconduct in digital markets? #2 Can market studies be a more effective tool for tackling emerging competition issues? #3 Are digital markets bringing new challenges in abuse of dominance cases? #4 Economising economic analysis for mergers in smaller markets #5 How does the UK use market studies to tackle emerging competition issues? #6 How is Mexico using market studies to tackle emerging competition issues? #7 Economics in merger control: an invaluable tool at every step of the process More coming! |
Related links
» Conglomerate Effects of Mergers, OECD Policy Roundtables 2020 » Vertical mergers in the technology, media and telecom sector, OECD Policy Roundtables 2019 » Merger Control in Dynamic Markets, OECD Global Forum on Competition 2019 » Rethinking the use of traditional antitrust enforcement tools in multi-sided markets, OECD Policy Roundtables 2018 » Non-price effects of mergers, OECD Policy Roundtables 2018 » The Role and Measurement of Quality in Competition Analysis, OECD Policy Roundtables 2013 » Economic Evidence in Merger Analysis, OECD Policy Roundtables 2011 » OECD Policy Roundtables on mergers » OECD Competition Youtube channel » Full list of Competition Policy Roundtables |
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