Overview

The thesis of this now-classic work - that the European Commission and the Community Courts, under the necessity of forging an effective competition policy, created an entire new school of thought in economic theory that permeates the disciplinary boundary between law and economics - has been gaining ground among competition law practitioners and their government counterparts over the last decade. Now, in the book's third edition, the author explores the full spectrum of this development in detail, uncovering its multiple rationales as it has gradually formulated the legal principles of 'competition economics' that have come to underlie all matters related to Article 81 (1), Article 81 (3), Article 82, the Merger Regulation, and the State Aid provisions. Although clearly written for a legal audience, the book is interdisciplinary, integrating both law and economics in such a way that economics in competition proceedings becomes easier to understand for people not trained in economic theory. It offers an in-depth description of 'European School' theories and applications, particularly with respect to vertical and horizontal agreements and collective dominance. In addition, the book provides solid guidance on the definition of the relevant antitrust markets, with a detailed description of the appropriate methodology, the hypothetical monopolist test. Among the fundamental elements discussed are the following: - the application of the competition test as developed by the Community Courts; - the concrete economic analysis companies needs to perform in order to qualify for an exemption; - the test procedures to assess whether a certain behaviour constitutes an abuse under Article 82; - various methodologies to define markets; and - empirical techniques used to evaluate a merger. This updated and revised third edition has been anticipated, and will be widely welcomed. Competition lawyers will appreciate the book's clear, understandable discussion of the relevant European competition theories, authoritative guidance on the application of economic analysis, and practical insight in dealing with these subjects.

Full Product Details

Author:   Doris Hildebrand
Publisher:   Kluwer Law International
Imprint:   Kluwer Law International
Edition:   3rd Revised edition
Volume:   v. 39
Dimensions:   Width: 16.50cm , Height: 3.80cm , Length: 24.90cm
Weight:   1.111kg
ISBN:  

9789041125132

ISBN 10:   9041125132
Pages:   616
Publication Date:   05 January 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   Out of stock  

Table of Contents

Acknowledgments. I: Introduction. 1. European School: Economics in EC Competition Law. 2. Way of Research. II: The European Competition Rules. 1. European Competition Policy. 2. Institutions of the Community. 3. Article 81. 4. Article 82. 5. Merger Control. 6. EC Competition Law and U.S. Antitrust Law. 7. Appendix A. III: Competition Theory. 1. Emergence of the European School of Thought. 2. Roots of Competition Theory. 3. The Concept of Workable Competition. 4. The Harvard School of Thought. 5. The Chicago School of Thought. 6. The Neo-Classical Concept of Freedom of Competition. 7. The European School of Thought. 8. Appendix A. 9. Appendix B. IV: The European School. 1. Modernization of the EC Competition Rules. 2. Economic Analysis in Article 81(1). 3. Economic Analyses in Article 81(3). 4. Article 82. 5. The Merger Regulation. 6. State Aid Provisions. Table of Cases. Bibliography.

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