Abstract:
Most jurisdictions with new competition policies adopt the competition laws and policies modelled on those of the European Union (“EU”). However, this article argues that optimal merger control design should accommodate the features unique to small market economies. Merger control laws are accordingly not “one-size fits all”, and laws transplanted from large market economies, such as the EU, require adaptation to the conditions of small market economies. This article suggests some methods and tools that small market economies can employ to achieve optimal benefits from merger control laws.