Marlene Jugl, William A.M. Pagel, Maria Camila Garcia Jimenez, Jean Pierre Salendres, William Lowe, Joanna J. Bryson, and Helena Malikova, Journal of Antitrust Enforcement, April 2023.
We document and examine a novel lobbying strategy in the context of competition regulation, a strategy that exploits the regulator’s finite administrative capacities. Companies with merger cases under scrutiny by the European Commission’s Directorate General for Competition appear to be employing a strategy of ‘spamming the regulator,’ through the strategic and cumulative submission of economic expert assessments. Procedural pressures may result in an undeservedly favorable assessment of the merger. Based on quantitative and qualitative analyses of an original dataset of all complex merger cases in the EU 2005–2020, we present evidence of this new strategy and a possible learning process among private actors. We suggest remedies to ensure regulatory effectiveness in the face of this novel strategy.
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