The development of competition law in the EU can be explored
through three interrelated perspectives: the extent to which
controversies in economic thinking affect the design of the law;
how changing political visions about the objectives of competition
law have caused shifts in the interpretation of the rules; and the
institution in charge of applying the rules. The economic and
political debates on competition law show that it is a contested
terrain, and the way courts and competition authorities apply the
law reflects their responses to the objectives and economics of
competition law. By characterising the application of competition
law as a continuous response to policy and economic debates, the
author casts fresh perspectives on the subject. Written with
competition law students in mind, Monti sets out economic concepts
in a non-technical manner and explores the policy dimension of
competition law by referring to key cases and contemporary policy
initiatives.
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