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Vol 25 No 2 Feb/March 2020

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The Relevant Market in International Economic Law: A Comparative Antitrust and GATT Analysis


ISBN13: 9781107031524
Published: November 2012
Publisher: Cambridge University Press
Country of Publication: UK
Format: Hardback
Price: £89.99



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This book provides what international trade law has hitherto lacked: a coherent analysis of 'product likeness' under Article III of the GATT. Christian A. Melischek develops an economic approach to the interpretation of 'like' products on the basis of a comparative analysis with antitrust theories on market definition. Not only does he propose a specific substantive economic test to render the notion of product likeness operational, but he also examines the institutional and procedural frameworks for expert economic evidence necessary to implement an economic approach to the interpretation of product likeness. On a methodological level, the book adds a new interdisciplinary dimension to the legal debate by exploring the use of quantitative and econometric methods for the implementation of the proposed economic test.

Subjects:
Competition Law, International Trade, Law and Economics
Contents:
Introduction
1. The research question and scope of the study
2. Practical relevance of the research question
3. Methodology and structure

Part I. Comparison of Antitrust and International Trade Law:
4. Emphasizing differences or commonalities?
5. Antitrust law
6. WTO/GATT law
7. Congruence in efficiency and welfare standards

Part II. The Role of Market Definition:
8. Antitrust law
9. Article III of the GATT
10. Conclusion

Part III. Analytical Evolution from the Traditional to the Economic Approach:
11. The traditional formalistic approach
12. The economic approach
13. Assessment of the analytical evolution
14. Conclusion

Part IV. Conceptualizing an Economic Approach to Market Definition:
15. Introduction
16. Market definition framework: a matter of treaty interpretation
17. The content of a marketplace-test
18. Potential competition
19. The relevant 'market' concept
20. The role of the traditional criteria
21. Making sense of the different Article III prohibitions
22. Conclusion

Part V. The Implementation of an Economic Approach: Quantitative Methods:
23. Introduction
24. The law and economics of expert economic testimony
25. Analysis of price elasticities of demand.

Series: Cambridge International Trade and Economic Law

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Developing Countries and Preferential Services Trade ISBN 9781316603673
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Reclaiming Development in the World Trading System 2nd ed ISBN 9781107491571
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Judicial Acts and Investment Treaty Arbitration ISBN 9781107198463
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Judicial Acts and Investment Treaty Arbitration (eBook) ISBN 9781108187541
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The Social Foundations of World Trade: Norms, Community and Constitution ISBN 9781108441933
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Freedom of Transit and Access to Gas Pipeline Networks Under WTO Law ISBN 9781107163645
Published April 2017
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Freedom of Transit and Access to Gas Pipeline Networks Under WTO Law (eBook) ISBN 9781316732304
Published April 2017
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£26.40
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Reclaiming Development in the World Trading System 2nd ed ISBN 9781107098930
Published October 2016
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Developing Countries and Preferential Services Trade ISBN 9781107147560
Published July 2016
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The WTO and International Investment Law: Converging Systems ISBN 9781107009707
Published January 2016
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The Law, Economics and Politics of International Standardisation ISBN 9781107128330
Published December 2015
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The Social Foundations of World Trade: Norms, Community and Constitution ISBN 9781107036611
Published January 2015
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Public Participation and Legitimacy in the WTO ISBN 9781107067820
Published October 2014
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The Challenge of Safeguards in the WTO ISBN 9781107071780
Published September 2014
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General Interests of Host States in International Investment Law ISBN 9781107050235
Published May 2014
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The Multilaterization of International Investment Law ISBN 9781107636507
Published January 2014
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Law, Economics and Politics of Retaliation in WTO Dispute Settlement ISBN 9781107655355
Published January 2014
Cambridge University Press
African Regional Trade Agreements as Legal Regimes ISBN 9781107670303
Published November 2013
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Domestic Judicial Review of Trade Remedies: Experiences of the Most Active WTO Members
Edited by: Muslum Yilmaz
ISBN 9781107022232
Published January 2013
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African Regional Trade Agreements as Legal Regimes ISBN 9780521769839
Published July 2011
Cambridge University Press
Law, Economics and Politics of Retaliation in WTO Dispute Settlement ISBN 9780521119979
Published January 2010
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The Multilaterization of International Investment Law ISBN 9780521762366
Published September 2009
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