The Economics of EC Competition Law
Concepts, Application and Measurement
2nd Edition
Published on 31. December 2002
Book
Hardback
672 pages
978-0-421-83000-4 (ISBN)
Description
The economics of competition law have grown steadily in importance as regulatory authorities have moved to adopt more economics-based concepts when deciding what constitutes non-competitive behaviour. Most of the key strands of competition enforcement - such as vertical restraints, joint dominance, portfolio power and abuse - now rest squarely on economic principles.
This new edition of an acclaimed work provides an overview of economic theory and analysis as applied to European competition law, and covers the important legislative, regulatory and policy developments of the past three years since publication of the first edition.
* Clearly explains the concepts and analytical techniques that lawyers working in competition and mergers need to know
* Written specifically for lawyers, explaining an unfamiliar subject in language they can understand
* Looks at both economic theory and the empirical techniques employed in European competition law
* Reinforces its explanations with examples drawn from Commission decisions and Court judgments
* Covers the rapid evolution of the subject since the previous edition
This new edition of an acclaimed work provides an overview of economic theory and analysis as applied to European competition law, and covers the important legislative, regulatory and policy developments of the past three years since publication of the first edition.
* Clearly explains the concepts and analytical techniques that lawyers working in competition and mergers need to know
* Written specifically for lawyers, explaining an unfamiliar subject in language they can understand
* Looks at both economic theory and the empirical techniques employed in European competition law
* Reinforces its explanations with examples drawn from Commission decisions and Court judgments
* Covers the rapid evolution of the subject since the previous edition
Reviews / Votes
The authors are to be congratulated for providing an essential book for anyone interested in competition law and policy.... aimed not only at lawyers but also at economists and competition authority officials. Richard Whisch, Kings College, London.More details
Edition
2nd edition
Language
English
Place of publication
London
United Kingdom
Publishing group
Sweet & Maxwell Ltd
Target group
Professional and scholarly
ISBN-13
978-0-421-83000-4 (9780421830004)
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Schweitzer Classification
Content
Introduction. Concepts: effective competition; the assessment of market power; the relevant market. Application: Article 81; Article 82; merger control. Measurement: introduction to empirical analysis; multiple regression analysis as a tool in antitrust policy; estimating elasticities; price correlation analysis; shipment and transport costs tests; price concentration studies; bidding studies; Granger causality and cointegration tests. Summary. Appendices.