Competition in Europe Essays in Honour of Henk W. de Jong

Competition in Europe, which has been chosen as the title for the Essays in Honour of Henk W. de Jong, contains two key concepts, that characterize his scientific contribution to Industrial Organisation. Professor H.W. de Jong is in the first place an eco

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HENK DEJONG Photograph by Werry Crone, Photo Trouw. With kind permission of Perscombinatie Amsterdam.

Competition in Europe Essays in Honour of Henk W. de Jong

edited by

Peter de Wolf Erasmus University, Rotterdam, The Netherlands

SPRINGER SCIENCE+BUSINESS MEDIA, BV.

Library of Congress Cataloging-in-Publication Data Competition in Europe essays ln honour of Henk de Jong I edited by Peter de Wolf. cm. -- (Studies ln lndustrial organization v. 14) p. Includes bibliographical references. ISBN 978-94-010-5469-0 ISBN 978-94-011-3326-5 (eBook) DOI 10.1007/978-94-011-3326-5

1. Industrial concentratlon--Europe. 2. Industrial organizat ion-Europe. 3. Competition--Europe. 1. Jong. H. W. de. II. Wolf. Peter de. III. Series. HD2844.C66 1990 338.S·048·094--dc20 90-20543

ISBN 978-94-010-5469-0

Printed on acid-free paper

AII Rights Reserved © 1991 by Springer Science+Business Media Dordrecht

Originally published byKluwer Academic Publishers in 1991 Softcover reprint of the hardcover lst edition 1991

No part of the material protected by this copyright notice may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the copyright owner.

CONTENTS

Preface

vii

I.

Introduction - Growth without Bending Henk W. Lambers

2.

Some Aspects of Dynamic Analysis and Industrial Change William G. Shepherd

3.

Modeling Economic Change and Restructuring - The Micro Foundations of Economic Expansion Gunnar Eliasson

4.

Growth of Large Enterprises and their Market Environments Richard E. Caves

61

5.

Industrial and Market Concentration in Europe Remo Linda

85

6.

Efficacy and Freedom of Mergers and Acquisitions Pieter W. Moerland

7.

The Contribution of Economists to the Origins of UK Competition Policy Denys Gribbin

9

33

115

135

8.

Public Ownership versus Privatisation Ken George

9.

Sociopolitical Competition or Harmonization in the European Community? Some Fundamental Reflections Peter Oberender

187

10.

Cooperation in Research & Development and European Competition Policy Alexis Jacquemin

209

II.

Antitrust Treatment of Cooperative Research: How Reasonable is the Rule of Reason? William James Adams

229

12.

Competition and Combination in the European Market Economy Henk W. de Jong

Contributors

163

265

293

vii PREFACE

Competition in Europe, which has been chosen as the title for the Essays in Honour of Henk W. de Jong, contains two key concepts, that characterize his scientific contribution to Industrial Organisation. Professor H.W. de Jong is in the first place an economist who is highly inspired by the dynamics of markets in general and the dynamics and conditions of competition in particular. In the second place, H.W. de Jong is a real European economist, not in the sense that his theoretical insights are limited to Europe, but in the sense that his ideas and policy suggestions - especially those concerning competition policy - reflect his sincere involv