Industrial Concentration and the Chicago School of Antitrust Analysis : : A Critical Evaluation on the Basis of Effective Competition.

• Superior document: Hohenheimer volkswirtschaftliche Schriften.
• Author: Rittaler, Jan B.
• Place / Publishing House: Frankfurt am Main : : Peter Lang GmbH, Internationaler Verlag der Wissenschaften,, 1989.; ©1989.
• Year of Publication: 1989
• Edition: First edition.
• Language: English
• Series: Hohenheimer volkswirtschaftliche Schriften
• Physical Description: 1 online resource (422)
• Other title: Hohenheimer volkswirtschaftliche Schriften vol. 11; Industrial Concentration and the Chicago School of Antitrust Analysis
• ISBN: 3631753888
• Hierarchical level: Monograph

After roughly 15 years of merger control application in the Federal Republic of Germany a <I>reassessment of the significance</I> of this instrument of antitrust policy seems necessary. This is particularly so in view of the <I>reorientation of merger</I> <I>control policy in the United States</I> which has been - in its original version - the model for the German merger control system.<BR> Concerning merger control, the reorientation is characterized by the notion that the <I>structure-conduct-performance paradigm</I> which has dominated U.S. antitrust for a quarter of a century is imprecise or even incorrect and «that bigness in business does not necessarily mean badness.»<BR> This makes the fundamental question arise of whether the German merger control system is still up to date in terms of the underlying market theory and of whether the <I>German Act Against</I> <I>Restraints of Competition</I> needs a reorientation towards aspects of market conduct and performance instead of market structure by means of a Fifth Amendment.