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In recent years, market definition has come under attack as an analytical tool of competition law. Scholars have increasingly questioned its usefulness and feasibility. This criticism has come into sharper relief in a dynamic, innovation driven market, which does not correspond to the static market the concept was modelled on. This book explores this controversy, with particular attention being paid to the European dimension. In addition it combines market delineation and innovation and analyses this intersection from a comparative legal perspective. In so doing, it makes an important contribution to the ongoing debate.