Professor Hildebrand interviewed on ‘more economics-based approach’
The economics-based approach was adopted in EU competition policy 20 years ago and marked an important change in how merger control and antitrust enforcement have been carried out since then.
In the interview, Professor Hildebrand explains that it was mainly ‘textbook’ economics that were applied. This does not reflect business reality, she explains.
Going forward, competition policy should apply more business economics so the economics-based approach takes the place it deserves, Professor Hildebrand argues.
The interview can be watched here.