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8 Horizontal Mergers—Coordinated Effects

From: EU Merger Control: A Legal and Economic Analysis

Ioannis Kokkoris, Howard Shelanski

Content type:
Book content
Product:
Oxford Competition Law [OCL]
Published in print:
01 January 2014
ISBN:
9780199644131

From: Oxford Competition Law (http://oxcat.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 15 January 2021

Subject(s):
Merger control — Coordinated effects — Conglomerate effects — Article 101 TFEU — Cartels — Article 102 TFEU — Dominant position — Fines/Penalties — Collective or joint dominance — Substantive assessment
8.01 Coordinated effects (or ‘collective dominance’ as was this theory of harm named pursuant to Regulation 4064/89 and in case law before 2004) occur in highly concentrated markets with a small number of players who recognize their interdependence and the futility of aggressive competitive behaviour. As a result, market structures are conducive to tacit coordination.1 The main feature of oligopoly is the existence of a sustainable mechanism of coordination of behaviour that may lead to parallelism of prices and capacity.2 In an oligopolistic market there are a...
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