ENGLISH

Cases in European Competition Policy: The Economic Analysis

By Bruce Lyons

Book information

Year
2009
ISBN
052188604X, 9780521886048, 9780511651823, 0521713501, 9780521713504
LCC
KJC6456 .C37 2009
Open Library ID
OL23869526M
Language
english
Format
PDF
Filesize
3 MB (3130208 bytes)
Edition
1
Pages
512\512
Topic
Economy
Orientation
yes
Scanned
no
Time added
2011-06-04 13:46:07

Description

Competition between firms is usually the most effective way of delivering economic efficiency and what consumers want. However, there is a balance to be struck. Firms must not be over-regulated and so hampered in their development of innovative products and new strategies to compete for customers. Nor must they be completely free to satisfy a natural preference for monopoly, which would give them higher profits and a quieter life. The economic role of competition policy (control of anticompetitive agreements, mergers and abusive practices) is to maintain this balance, and an effective policy requires a nuanced understanding of the economics of industrial organization. Cases in European Competition Policy demonstrates how economics is used (and sometimes abused) in competition cases in practical competition policy across Europe. Each chapter summarizes a real case investigated by the European Commission or a national authority, and provides a critique of key aspects of the economic analysis.

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