EC Competition LawCambridge University Press, 2007 M08 6 - 527 pages The development of competition law in the EU can be explored through three interrelated perspectives: the extent to which controversies in economic thinking affect the design of the law; how changing political visions about the objectives of competition law have caused shifts in the interpretation of the rules; and the institution in charge of applying the rules. The economic and political debates on competition law show that it is a contested terrain, and the way courts and competition authorities apply the law reflects their responses to the objectives and economics of competition law. By characterising the application of competition law as a continuous response to policy and economic debates, the author casts fresh perspectives on the subject. Written with competition law students in mind, Monti sets out economic concepts in a non-technical manner and explores the policy dimension of competition law by referring to key cases and contemporary policy initiatives. |
Contents
2 | 21 |
The single market | 39 |
Introduction | 94 |
The US applied pressure for the enactment of competition laws in Europe in the postwar period | 116 |
Article 4 | 157 |
Introduction | 246 |
G Monti Article 81 EC and Public Policy 2002 39 | 454 |
Common terms and phrases
abuse airlines allow anticompetitive anticompetitive effects Antitrust Law application of Article apply approach Article 81 behaviour benefits Block Exemption broadcasting buyer cartel cent chapter Chicago Commission's Community competing competition authority Competition Policy competitors consider consumer welfare contract costs Court create decision distributors dominant firm dominant position EC competition law ECMR economic analysis economic efficiency economic freedom economic welfare economists enforcement entrants entry barriers European Competition Law example exclusive facilitate Grundig harm Horizontal Merger Ibid incentive increase industrial policy infringement liberalisation manufacturers market definition market failure market power market share Member merged entity Merger Guidelines monopoly Moreover NCAs neoclassical oligopoly ordoliberal Oxford paras parties perspective political post-Chicago predatory pricing protect public policy rebates reduce Regulation regulatory relevant market remedies Report on Competition restriction of competition retail risk sector sell suggests suppliers tacit collusion Tetra Pak tion Treaty vertical mergers vertical restraints