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Do the Merger Guidelines Need a Glossary?

The European Union’s draft Merger Guidelines assign multiple meanings to several key terms, making competition enforcement less predictable. Anouk van der Veer, Max van Iersel, and Giorgio Monti explore the Guideline’s inconsistent use of three of these terms: competitiveness, dynamic, and capabilities.

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November 6-7: Stigler Center-CEPR Political Economy of Finance Conference 2026: Crony Capitalism in 21st Century America (call for papers due June 1)