ANTITRUST POLICIES IN EUROPE AND IN THE UNITED-STATES - RECENT DEVELOPMENTS AND POLICY IMPLICATIONS - COMPETITION, COOPERATION AND MERGERS - ECONOMIC AND POLICY ISSUES

This paper contrasts two types of European Community competition polic ies with respect to joint ventures, namely concentrative joint venture s (CCJV) which fall under the Merger Control Regulation and cooperativ e joint ventures (CPJV), which fall under Article 85(1). The contrast occurs at different levels: procedural, jurisdictional and substantive . It provides firms with bargains and trade-off opportunities for the choice of the more convenient jurisdiction for their transactions. The paper presents a model illustrating how these bargains and trade-offs can operate in the context of an endogenous choice between a CCJV and a CPJV.