Innovation Paradox in Merger Control

Professor Gönenç Gürkaynak

Concurrences

Publication Date: 22 November 2023 

ISBN: 978-1-939007-75-9

Extent: 378 pp

“In his new book, Dr. Gönenç Gürkaynak dissects the complex relationship between competition and innovation, and attempts to optimize intervention in merger control, advocating for a case-by-case analysis under certain principles explored in the book. He powerfully challenges presumptions in merger control, based on his analysis of 80 merger control decisions in three major jurisdictions, and exhaustive research on academic literature.

The book traces the historical evolution of the concept of innovation and examines its role in economic growth with a focus on its intersection with competition law. Dr. Gürkaynak discusses various forms of innovation and methods of measurement providing the foundation for understanding the subsequent analysis of the book.

Dr. Gürkaynak then examines the innovation considerations within different jurisdictions including the European Union, United Kingdom, and the United States.

The book challenges the presumptions in merger control regarding innovation and emphasizes the necessity to adopt a balanced approach that considers potential benefits and harms of mergers on innovation, by weighing both sides equally.”

For a discussion between Dr. Gönenç Gürkaynak and Professor Jenny see YouTube video below.