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Role of Economic Analysis in Eu Competition Law : The European School (Hardcover) (Doris Hildebrand)

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International Competition Law Series Volume 66

TheRole of Economic Analysis in EU Competition Law, Fourth Edtionandnbsp;in its revised and updated fourth edition, explores the full spectrum of the development of European economic approach in competition law. Almost two decades after the arrival of the andlsquo;more economics based approachandrsquo; to EU competition law, this economic school of thought, the European School, has been properly defined and is now in general used among competition law practitioners and their government counterparts. This approach, studied by Doris Hildebrand since the first edition of this now-classic work, implements the European cornerstones of the social market economy concept such as freedom of contract, social fairness, and the equality principle. In this edition, the author uncovers its multiple rationales as it has gradually formulated the legal principles of andlsquo;competition economicsandrsquo; that have come to underlie all matters related to Article 101 (1), Article 101 (3), Article 102, the Merger Regulation, and the State Aid provisions. As in previous editions, the bookandrsquo;s interdisciplinary approach integrates law and economics in such a way that economics in competition proceedings becomes easier to understand for lawyers not trained in economic theory or economic school of thoughts. It offers an in-depth description of andlsquo;European Schoolandrsquo; theories and applications, particularly with respect to vertical and horizontal agreements. In addition, the book provides solid guidance on the definition of the relevant antitrust markets, with a detailed description of the hypothetical monopolist test.

Whatandrsquo;s in this book:

Among the fundamental elements discussed are the following:

  • application of economics in the competition test as developed by the EU Courts;
  • concrete economic analysis companies need to perform in order to qualify for an exemption;
  • test procedures to assess whether a certain behaviour constitutes an abuse under Article 82;
  • various methodologies to define markets;
  • contrasting the European and Chicago schools;
  • practical implementation of the EU social market economy objective in EU competition law;
  • workable competition vs. effective competition;
  • changes in the enforcement system;
  • use of evidence in market definition practice;
  • State Aid provisions; and
  • empirical techniques used to evaluate a merger.

All significant cases contributory to the development of European competition economics are discussed and analysed in detail. andlsquo;The Frameandrsquo;, the first chapter that has been included in this edition, clearly demonstrates

Number of Pages: 554
Genre: Freedom + Security / Law Enforcement
Series Title: International Competition Law Series
Format: Hardcover
Publisher: Wolters Kluwer Law and Business
Author: Doris Hildebrand
Language: English
Street Date: May 19, 2016
TCIN: 52115357
UPC: 9789041162458
Item Number (DPCI): 248-41-6624
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