Description
(Text)
A simple study of merger applications processed by the Hungarian Competition Office and annual reports of the same authority are used to analyze the adjustment of the Hungarian merger control to the standards imposed by the European Union in the years preceding the country\'s accession. The progress in approximating the Hungarian competition legislation to the one of the European Community is evident in all antitrust areas. There are also similarities between the structures of antitrust cases processed by the two authorities. However, industrial policy and social issues are still taken into consideration when assessing merger cases, fact that contravenes with the policy of the Community. A clear demarcation of the relevant market is found to be less important when the number of competitors in the market is considered high enough to hinder any anti-competitive behavior of the new merged group. High market shares are found to be of secondary importance if the market is considered to be contestable.
(Author portrait)
Ioana Gui, Raluca Born in Oradea, Romania, in 1981, Raluca Gui has a B.A. in Mathematics from Babes-Bolyai University and a M.A. in Economics from Central European University. She is currently a first year Ph.D. candidate in Statistics at Carlos III de Madrid University.
