Download or read book Collective Dominance and Collusion written by Marilena Filippelli and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: By examining the issue of collusion in EU and US competition law, this book suggests possible strategies for improving the antitrust enforcement against parallelism, by exploiting the most advanced achievements of economic analysis. The book contains a suggested approach to collusion, in ex ante and ex post perspectives. By moving from the analysis of the state of art, in terms of law, case law, and scholarship, Marilena Filippelli analyses inconsistencies and failures in the current antitrust enforcement toward collusion and develops a workable parameter for the issue of collective dominance. The most innovative part of this work goes beyond the analysis itself of collective dominance and involves the interference of arts. 101 and 102. The conclusion is a re-definition of the relationship between those rulesÑfrom dichotomy to redundancy. Finally, the book highlights the antitrust significance of semi-collusion, as a strategy made of collusion and competition. The author considers economic models equaling, as for the effects, collusion and semi-collusion and the case law supporting the qualification of semi-collusion as a species of collusion. The analysis involves both US and EU systems, under the highly topical economic-oriented approach. It also contains an original view of European antitrust prohibitions. Because of its contents and its approach, this book will be attractive to every academic interested in antitrust law. Moreover, the well-documented research on parallelism, involving law, case law and scholarship, makes this book interesting also for competition authorities and antitrust lawyers.
Download or read book Dominance Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-24 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Dominance Economics The power that a company has over a certain economic market is referred to as market dominance. One of the characteristics of a dominating corporation is the ability to exert influence over the market price and the competition. The dominance of a company is a measurement of the power of a brand, product, service, or organization in comparison to the offers of other companies in the same industry. A dominating company also has the ability to act independently of its competitors or customers, and it does not have to worry about the distribution of its resources. There is a contrast between dominant positioning, which is a legal idea, and dominant positioning, which is an economic concept. This distinction is crucial when assessing whether or not a company's market position is dominant. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Dominance (economics) Chapter 2: Monopoly Chapter 3: Oligopoly Chapter 4: Concentration ratio Chapter 5: Herfindahl-Hirschman index Chapter 6: Anti-competitive practices Chapter 7: Barriers to entry Chapter 8: Substitute good Chapter 9: European Union competition law Chapter 10: Predatory pricing Chapter 11: Competition law Chapter 12: Market power Chapter 13: Market structure Chapter 14: Merger control Chapter 15: Market concentration Chapter 16: European Union merger law Chapter 17: Relevant market Chapter 18: Article 102 of the Treaty on the Functioning of the European Union Chapter 19: Deutsche Telekom AG v Commission Chapter 20: Telefónica SA v Commission Chapter 21: Mergers in United Kingdom law (II) Answering the public top questions about dominance economics. (III) Real world examples for the usage of dominance economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Dominance Economics.
Download or read book Law Economics and Antitrust written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . those who are dealing with antitrust issues the book is very useful and if somebody has already acquired the basic economic principles underlying antitrust regimes, one should read [this] book. . . Pal Bela Szilagyi and Dorina Juhasz, Erasmus Law and Economics Review The book is quite often an interesting read and provokes plenty of unexpected thoughts. . . Scholars familiar with the public choice literature and American antitrust law could benefit from the stimulating questions McNutt raises throughout and for the wealth of examples from European competition law. Scott E. Graves, The Law and Politics Book Review Patrick McNutt s book is a brilliant exposé of the interaction between law, economics and antitrust. The author, an economist and distinguished regulator, handles both the legal and economic material deftly. It is provocative particularly when dealing with issues such as the efficiency of competition and the effectiveness of antitrust rules. His case-studies are particularly compelling. The book is written with huge flair and great learning. It combines theoretical and practical considerations. The comparative coverage is excellent. A "must-read" for all interested in law and economics. Antitrust specialists will discover many novel and valid insights. David O Keeffe, University College London, UK and College of Europe, Bruges, Belgium This book continually stimulates the reader to think about the issues in non-standard and illuminating ways, following new and significant directions. Yet the discussion always is authoritatively grounded in the author s extensive knowledge of the pertinent law and the relevant economic analysis. William J. Baumol, New York University, US and Princeton University, US Professor McNutt provides a refreshing and different perspective on the important fundamental issues underlying competition law and policy. Barry E. Hawk, Skadden, Arps, Slate, Meagher & Flom LLP, US In this accessible yet rigorous textbook, Patrick McNutt presents a clear and refreshing approach to a wide range of topics in law, economics and antitrust. The issues covered include duty and obligation, contracting, liability, property rights, efficient entry, compensation, oligopoly pricing, issues in strategic antitrust and merger analysis. Using a selection of case studies where appropriate, and examples based in game theory, the book examines these issues from both a law and economics and a microeconomics perspective. Emphasis is placed on a thorough assessment of the economic and legal arguments, blending the rigours of microeconomic analysis with common law standards. The analysis contained in the book will not only review, and indeed adapt neoclassical economic analysis but will also apply some of the methodology from the relatively new paradigm known as law and economics to many of the issues. The book also addresses the increasing overlap between emerging approaches in public choice and in law and economics. Practitioners in competition law and regulation of utilities will draw great value from this original and pertinent volume, as will scholars in the areas of regulation, competition law, competition policy and law and economics.
Download or read book Comparative Analysis of Collective Dominance written by Sahin Ardiyok and published by . This book was released on 2008 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: By means of tight and experienced review of mergers and adequately improved antitrust agency supervision, monopolization or abuse of dominance cases have diminished progressively both in US and EU. The focus now is on cartels and inefficient oligopolies. Cartels are not problematic as they present unarguable evidences. But for oligopolies, information asymmetry between antitrust agencies and the market participants makes the agencies suspicious about the market performance. Article 81 and 82 of the EC Treaty adopt two pronged attack on antitrust problems in oligopolies similar to the Sherman Act in US. By using the wording of quot;one or more undertakingquot; in Article 82, EU developed quot;concept of collective dominancequot;. This concept created a basis for recognizing tacitly colluding oligopolists as possessing dominant position or market power. Along a couple of cases handled in collective dominance concept, existence of quot;economic linksquot; among oligopolists evolved as a focal point for finding of collective dominance. Specifically, the paper includes a modern economic analysis of oligopoly, US and EC case law and rules regarding to collusion and oligopolies and the assessment of the collective dominance concept by means of US antitrust law, particularly by visiting Turner - Posner discussion.
Download or read book Dominance and Monopolization written by Rosa Greaves and published by Routledge. This book was released on 2017-05-15 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antitrust and competition law is a fast moving area of law and the subject of extensive academic research. The aim of this volume is to select articles as tools for understanding how antitrust and competition law is applied to unilateral conduct which is harmful to the consumer and to the competitiveness of the market. The articles examine the meaning of dominance and monopolisation and show that although legal and economic rules have been developed to establish whether undertakings hold such strong market positions, it is often difficult to determine with certainty that the undertaking being investigated meets the threshold. The various debates on pricing and non-pricing conduct are also represented as are the conflicts that have arisen regarding the exercise of intellectual property rights by powerful undertakings, particularly in the context of the new economies. The volume includes scholarly articles published on both sides of the Atlantic and enables a greater understanding of the application of antitrust and competition law from the point of view of economics and politics.
Download or read book Oligopoly Behaviour as Abuse of Collective Dominance in EU Competition Law written by Sebastian B. W. van de Scheur and published by . This book was released on 2013 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abuse of collective dominance under Article 102 TFEU is a bit of a blind spot in European competition law. The concept has been relatively well developed for the purpose of merger control and serves to support the Commission in blocking a concentration that could facilitate tacit coordination of strategic behaviour between competitors in an already concentrated market. Case law and literature agree that tacit collusion in a tight oligopoly may also subject companies to theduties and prohibitions of Article 102 even in the absence of individual dominant market power, but little has been written about when such abuse might occur. The possible application of Article 102 to "oligopoly behaviour" remains an abstract theory with little practical applicability. That is dangerous, given the fact that the doctrine laid down in merger cases Airtours and Impala gives lots of discretion to a competition authority determined to remedy suboptimal markets by sanctioning oligopolists for abuse of collective dominance. This dissertation presents a novel approach to the application of the concept of abuse of collective dominance to behaviour by interdependent companies in a concentrated market. Rather than trying to catch tacit collusion or supracompetitive oligopoly prices, the focus of enforcing Article 102 in oligopoly should be on practices by which one or more incumbents exclude outsiders (newcomers, innovators and fringe competitors) to the benefit of the incumbent 'insiders' of the oligopolistic equilibrium. Doctrinally, this approach necessitates a breach with the objective concept of abuse as used in cases of single dominance, because it requires the demonstration of a causal link between market power and abuse. The resulting test for abuse of collective dominance in oligopolistic markets is a tough one to satisfy, but considering that oligopoly is still infinitely more dynamic than monopoly, that may just be the right outcome.
Download or read book The Shaping of EU Competition Law written by Pablo Ibáñez Colomo and published by Cambridge University Press. This book was released on 2018-07-12 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: A ground breaking study of how the interaction between the European Commission and the EU Courts has shaped EU competition law.
Download or read book New Industrial Economics and Experiences from European Merger Control written by Erhard Kantzenbach and published by . This book was released on 1995 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Introduction to EU Competition Law written by Moritz Lorenz and published by Cambridge University Press. This book was released on 2013-04-25 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Succinct and concise, this textbook covers all the procedural and substantive aspects of EU competition law. It explores primary and secondary law through the prism of ECJ case law. Abuse of a dominant position and merger control are discussed and a separate chapter on cartels ensures the student receives the broadest possible perspective on the subject. In addition, the book's consistent structure aids understanding: section summaries underline key principles, questions reinforce learning and essay discussion topics encourage further exploration. By setting out the economic principles which underpin the subject, the author allows the student to engage with the complexity of competition law with confidence. Integrated examples and an uncluttered writing style make this required reading for all students of the subject.
Download or read book Collective Dominance Based on Tacit Collusion in Nigerian Telecommunications Markets written by Chukwudiebube Opata and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regulation of collective dominance is a relatively novel concept in most African telecommunications sectors. This article argues that the Nigerian legal framework for regulation of collective dominance, which was modeled substantially on EU law, although an improvement on previous rules, requires refinement to provide clarity and regulatory certainty.
Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Download or read book Collective Dominance written by Prayogo Wisnumurti and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 6 June 2002, the European Court of Justice made its landmark judgment about collective dominance, in stated that for collective dominance to exist need the three criteria to be fulfilled. The Commission on is an assessment in merger control using a legal approach which was proving the market structure, to strengthen of collective dominance that can significantly impede competition which prohibited in the European Union legal order.After the Judgement in which the way the Commission assess collective dominance in proposed concentration criticized by the Court. The Commission finally embrace economic nature in their assessment. It started to make the term collective dominance redundant in assessing the distortion on the market after the concentrations. Finally, the Commission focused on discovering implicit collusion. In summary, the analyses of the cases show that the assessments of collective dominance prior and then afterward the Airtours case are much varied.
Download or read book Competition Law written by Richard Whish and published by Oxford University Press. This book was released on 2003 with total page 989 pages. Available in PDF, EPUB and Kindle. Book excerpt: Previous editions published : 2001 (4th), 1993 (3rd), 1989 (2nd), and 1985 (1st).
Download or read book Collective Dominance in EU Merger Control Substantive Issues written by Ioannis Kalozymis and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis focuses on collective dominance in horizontal concentrations as regulated under the EU Merger Regulation 139/2004. Chapter 1 introduces the issues that this thesis will examine. Chapter 2 focuses on the concept of collective dominance in mergers by setting out the characteristics of its analysis, its link with tacit collusion and the judgments that have formulated the conditions that must be met in order to establish such a position. Chapter 3 examines the economics of collective dominance as it demonstrates the models of oligopolistic interaction, it emphasises on the game theoretic model of tacit collusion and the related criticism, while it also focuses on the structural features that must be assessed in order to determine the oligopolists' collusive incentives. Chapter 4 emphasises on the policy considerations related to each Phase of the evolution of the collective dominance analysis and inspects the policy objectives pursued by the regulation of such positions. Chapter 5 examines the alterations brought about by the Merger Regulation 139/2004 substantive test on the appraisal of collective dominance, it focuses on the EU Horizontal Merger Guidelines' analysis of coordinated effects and makes a comparison to the approach adopted in the 2010 US Horizontal Merger Guidelines. Chapter 6 compares the concept of collective dominance under the Merger Regulation to the concepts of Article 102 collective dominance and Article 101 concerted practices by demonstrating their distinctive approach on tacit collusion. Chapter 7 scrutinizes the relationship between unilateral and coordinated effects by emphasising on their distinctions in economic theory, the set of necessary conditions required to be established and the applicability of econometric analysis. Chapter 8 highlights the proof of collective dominance in mergers as it focuses on the allocation of the burden of proof, it discerns the applicable standard of proof and examines the judicial review of the Commission's decisions. Lastly, Chapter 9 offers a conclusion on this thesis.
Download or read book EU Competition Law and Economics written by Damien Geradin and published by OUP Oxford. This book was released on 2012-03-22 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first EU competition law treatise that fully integrates economic reasoning in its treatment of the decisional practice of the European Commission and the case-law of the European Court of Justice. Since the European Commission's move to a "more economic approach" to competition law reasoning and decisional practice, the use of economic argument in competition law cases has become a stricter requirement. Many national competition authorities are also increasingly moving away from a legalistic analysis of a firm's conduct to an effect-based analysis of such conduct, indeed most competition cases today involve teams composed of lawyers and industrial organisation economists. Competition law books tend to have either only cursory coverage of economics, have separate sections on economics, or indeed are far too technical in the level of economic understanding they assume. Ensuring a genuinely integrated approach to legal and economic analysis, this major new work is written by a team combining the widely recognised expertise of two competition law practitioners and a prominent economic consultant. The book contains economic reasoning throughout in accessible form, and, more pertinently for practitioners, examines economics in the light of how it is used and put to effect in the courts and decision-making institutions of the EU. A general introductory section sets EU competition law in its historical context. The second chapter goes on to explore the economics foundations of EU competition law. What follows then is an integrated treatment of each of the core substantive areas of EU competition law, including Article 101 TFEU, Article 102 TFEU, mergers, cartels and other horizontal agreements and vertical restraints.
Download or read book Economics and the Enforcement of European Competition Law written by Christopher Decker and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is well written and readable by non economists. The approaches, questions, methodology, and basis for selection of cases/interviewees are clearly explained and justified. This book is a valuable contribution to the literature. Rhonda Smith, Competition and Consumer Law Journal Recent years have seen a trend toward an economics-based approach to the enforcement of European competition law. But what is meant by economics-based , and how does this approach sit with legal and enforcement practice? This book seeks to place in perspective the growing use of economics in European competition law enforcement by examining precisely how economics contributes to the enforcement activity of the European Commission and Courts. Christopher Decker provides unique empirical insights as to how economic theory, thinking, techniques and data have featured in decision-making in the area of co-ordinated effects. The role of economics is examined throughout the entire enforcement process, from the decision to initiate an investigation to the design and implementation of remedies, and its conclusions are of general relevance to all areas of competition law enforcement where economics is used. Utilising a broad and multifaceted conception of economics, this book is essential reading for academics and students interested in European competition law, EC competition lawyers, applied industrial economists and enforcement officials. It will also be an invaluable tool for academic libraries and institutes, government agencies, law firms and economic consultancies.
Download or read book The Economic Assessment of Mergers Under European Competition Law written by Daniel Gore and published by Cambridge University Press. This book was released on 2013-04-25 with total page 559 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a clear, concise and practical overview of the key economic techniques and evidence employed in European merger control.
