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Economics of EC Competition Law, The

Economics of EC Competition Law, The
Concepts, Application and Measurement
3rd Edition
Practice Area:  Competition Law
ISBN:  9780421927308
Published by:  Sweet & Maxwell
Publication Date:  04 Dec 2009
Subscription Information:  Non-Subscribable Product
Format:  Hardback
PRODUCT INCLUDES:
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PRODUCT DESCRIPTION

The Economics of EC Competition Law: Concepts, Application and Measurement examines the economic theory and analysis as it is applied to EC competition law. It:

  • Discusses the basics economic principles underpinning competition law including market power, market definition and effective competition
  • Looks at the economic techniques used by the Commission in applying its guidelines
  • Examines the way in which economic theory relates to Article 81, Article 82 and merger control
  • Discusses the economic concepts and analytical techniques in a clear and accessible way, including elasticity
  • Discusses intellectual property right and licensing and the legal challenges these present for cases, eg. Magill
  • Demonstrates the use of economics in Commission decisions and Court judgments through dynamic discussion of the key cases

CONTENTS

Introduction
Part I - Concepts
  • Effective competition
  • The assessment of market power
  • The relevant market
Part II - Application
  • Article 81
  • Article 82
  • The Economics of Horizontal Mergers
  • The Economics of Non-horizontal Mergers
Part III - Measurement
  • Introduction to empirical analysis
  • Price tests
  • Using elasticities (critical loss and diversion ratios)
  • Bidding studies.
  • Shock analysis
  • Price concentration analysis.
  • Merger simulation
  • Shipment and transport cost tests.
  • Damages estimation
  • Plus an econometric annex
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