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The Acquisition of Endesa by Gas Natural: Why the Antitrust Authorities Are Right to Be Cautious

2006; Elsevier BV; Volume: 19; Issue: 2 Linguagem: Inglês

10.1016/j.tej.2006.01.002

1873-6874

Julián Barquı́n, Lars R. Bergman, Claude Crampes, Jean–Michel Glachant, Richard Green, Christian von Hirschhausen, François Lévêque, Steven Stoft,

Global trade and economics

In the electricity sector the use of merger remedies is a risky game to play. To protect consumers, economics suggests that merger controls be more cautious and stringent than in other sectors. It is better to risk being wrong in prohibiting a merger or imposing severe procompetitive remedies than to risk being wrong in approving a merger with possibly ineffective remedies.