Monopoly in the UK: What determines whether the MMC finds against the investigated firms?
基于1973-1995年73份英国垄断与兼并委员会报告,发现约三分之二的案件会做出不利裁决,其中75-80%的决策可由领先企业市场份额和反竞争行为类型解释。
This paper draws on data from 73 UK Monopolies and Mergers Commission reports on monopoly between 1973 and 1995. It shows that there is a roughly two in three chance that the Commission will come to an adverse conclusion against the investigated firms in a given case. 75–80% of decisions can be explained purely in terms of the market share of the leading firm and knowledge of the broad nature of the alleged anti‐competitive practice. An adverse finding is most likely in cases involving exclusive dealing, and least likely where other vertical restraints are involved.