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Competition Law and Economics - Advances in Competition Policy and Antitrust Enforcement (Hardcover)
Loot Price: R7,424
Discovery Miles 74 240
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Competition Law and Economics - Advances in Competition Policy and Antitrust Enforcement (Hardcover)
Expected to ship within 12 - 17 working days
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Total price: R7,444
Discovery Miles: 74 440
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Everyone recognizes that competition is the process by which
companies are induced to offer consumers the lowest prices and
introduce innovations to earn higher profits. Antitrust enforcement
should focus on real competition problems, on behaviour that has
actual or likely restrictive effects on the market, and which harms
consumers; it should be aimed at protecting competition and not
competitors. A real revolution in the application of European
competition law took place with the modernization package
implemented in the last few years, involving the now-decentralized
application of Articles 81 and 82 EC, new merger regulations, and
the ongoing review of guidelines for the prosecution of abuses of a
dominant position.This book presents the proceedings of the First
Lisbon Competition Law and Economics under the auspices of the
Portuguese Competition Authority. It was a ground-breaking event in
which leading European judges and competition enforcers, as well as
some of the leading world economists and law professors on
competition issues, took a critical look at the instruments of
competition policy conceived to implement EC Regulation 1/2003,
with a broader focus on modernization in the EU and in the USA. In
wide-ranging discussions they evaluated theories of harm to
competition for the most frequently-occurring types of abusive
behaviour, and developed guidelines for a competition policy that
offers both an economically sound framework and a workable and
operational tool for making rules that can be enforced effectively
and with a reasonable degree of predictability.Among the many
issues arising in the proceedings recorded in this book are the
following: special powers of investigation; leniency programs and
individual sanctions; the problem of forum shopping in the present
merger regulation system; the impact of regulations and competition
on economic growth; competition and regulatory costs; judicial
review of the European Commission merger decisions; consumer
welfare effects of mergers; who should apply competition law to
utilities; and the link between competition and innovation and the
development of a country. The book will be of immeasurable value to
judges, academics, and economic and law practitioners active in
competition policy and enforcement, as well as to officials of
European national competition authorities. Equally interested will
be students of law and economics concerned with competition issues,
and non-governmental organizations dealing with consumer protection
and private enforcement of competition law. By giving ample
evidence of the impact of competition and efficient regulation on
economic growth, this far-reaching book will help elucidate the
main current topics in need of further reform and underline the
importance of competition policy in modern market economies.
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