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Vol 23 No 6 June/July 2018

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This book is now Out of Print.
A new edition has been published, the details can be seen here:
The Economics of EC Competition Law: Concepts, Application and Measurement 3rd ed isbn 9780421927308

The Economics of EC Competition Law 2nd ed

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ISBN13: 9780421830004
ISBN: 042183000X
New Edition ISBN: 9780421927308
Published: July 2004
Publisher: Sweet & Maxwell Ltd
Country of Publication: Uk
Format: Hardback
Price: Out of print

The economics of competition law have grown steadily in importance as regulatory authorities have moved to adopt more economics-based concepts when deciding what constitutes non-competitive behaviour. Most of the key strands of competition enforcement - such as vertical restraints, joint dominance, portfolio power and abuse - now rest squarely on economic principles.

This new edition of an acclaimed work provides an overview of economic theory and analysis as applied to European competition law, and covers the important legislative, regulatory and policy developments of the past three years since publication of the first edition.

  • Clearly explains the concepts and analytical techniques that lawyers working in competition and mergers need to know
  • Written specifically for lawyers, explaining an unfamiliar subject in language they can understand
  • Looks at both economic theory and the empirical techniques employed in European competition law
  • Reinforces its explanations with examples drawn from Commission decisions and Court judgments
  • Covers the rapid evolution of the subject since the previous edition.

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Competition Law, Law and Economics
Concepts: effective competition
the assessment of market power
the relevant market. Application: Article 81
Article 82
merger control. Measurement: introduction to empirical analysis
multiple regression analysis as a tool in antitrust policy
estimating elasticities
price correlation analysis
shipment and transport costs tests
price concentration studies
bidding studies
Granger causality and cointegration tests. Summary. Appendices.