In October 2008, after a Phase 2 investigation, the European Commission cleared the acquisition by StatoilHydro of Conoco Phillips' "JET" unmanned petrol stations in Scandinavia. The Commission's assessment focused on the impact of JET on competition and, in particular, on Statoil's prices. To this aim, the Commission and the parties' economists undertook extremely detailed econometric analyses on a petrol station by petrol station basis. The purpose of the presentation would be explain the logic behind this type of analyses and how the results should be interpreted to assess the scope for mergers to give rise to unilateral effects.
Benoit Durand (RBB Economics, Brussels)