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PRODID:-//Session events Calendar//IBA//EN
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DTSTAMP:20260526T122409Z
DTSTART:20171009T111500Z
DTEND:20171009T123000Z
SUMMARY:Non-price considerations in merger review
DESCRIPTION:For a long time\, price effects have been the focus of merger
  review procedures in many jurisdictions – newly established and more ma
 ture systems alike. The yardstick by which to measure transactions has c
 onsistently been whether a transaction will result in customers paying m
 ore for the same products. Recent enforcement action seems to suggest a 
 shift in focus: non-price effects are becoming more relevant for purpose
 s of the assessment. Authorities realise that\, in a world that is heavi
 ly driven by innovation – be it in computer software or raw material exp
 loration services – the effect that consolidation may have on the develo
 pment of new ideas for products and services may be just as relevant for
  consumer welfare as the development of prices of such services. This ad
 ds a significant dimension to the analysis\, challenging merging parties
 \, their advisers and third parties\, as well as antitrust enforcers to 
 come up with theories of harm (or justifications for their transactions)
  that appropriately describe the effects of such deals on competition in
  a modern world. Is this a trend that we are likely to see more of as th
 e political landscape seems to shift in many places?
LOCATION:Room C3.6\, Convention Centre\, Level 3
UID:35e72aab-abfb-4982-a7dd-7d17a7275ef3
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