Subjects:

Competition Law

Contents:

Foreword. Acknowledgements. I. Introduction. II. Competition Rules. III. Competition Theory. IV. The European School. V. Conclusion. Bibliography. Table of Cases. Index.

In order to apply EC competition rules meaningfully and to good purpose, some knowledge of economic analysis is essential. This volume focuses on the emerging ""European School"" and the first experiences in the application of this more economics-based approach. Although written for a legal audience, the book is interdisciplinary, integrating both law and economics in such a way that economics in competition proceedings becomes easier to understand for people not trained in economic theory.;Beginning with a brief but comprehensive presentation of the relevant competition rules and the goals of European competition policy, the book goes on to discuss the various economic mainstream theories, culminating in the European School, familiarity with which has become crucial to the modern application of EC competition law. Later chapters address the increasing importance of economic analyses and the approach applied by the Commission and especially the EC courts, whose judgements illustrate the legal basis for this more economics-based approach. The book continues with a detailed description of European School theories and applications, particularly with respect to vertical and horizontal agreements and collective dominance. In addition, the book provides guidance on the definition of the relevant antitrust markets, with a description of the appropriate methodology, the hypothetical monopolist test.;Competition lawyers should appreciate the book's clear discussion of the relevant European competition theories, authoritative guidance on the application of economic analysis and practical insight in dealing with these subjects.