Economic Theory And Competition Law

‘Economic Theory and Competition Law constitutes a timely, stimulating contribution to the ongoing debate on the current trends of competition enforcement, not only in Europe but also in other jurisdictions, and especially on the impact that applying the concepts and the categories of economic theory is going to have on this activity. . . Due to its coverage and timeliness, it is very likely to have a considerable impact on the current discussion and also to be of interest to both academics and practitioners active in the field of competition law and policy.’
– Arianna Andreangeli, Common Market Law Review

The context for this book is the increasingly complex relationship between economic theory and competition law which gives rise to lively political and academic debate on the direction competition law should take in a more global and innovation-oriented market place.

The authors adopt a comparative, research-orientated approach, taking into account different situations in the US, Europe, Japan and transition and developing countries. They investigate the impact of economics on the objectives of competition law in various fields – restrictive agreements, unilateral restraints and merger control – and on the effectiveness of enforcement in a given legal and judicial system.

Economic Theory and Competition Law is an insightful resource for law and economics scholars. Legal practitioners in the field of competition law will also value this book.

Contents:

Preface

PART I: THE GOALS OF COMPETITION LAW – A COMPARATIVE PERSPECTIVE
1. Economic Analysis in EU Competition Cases
Hans W. Friederiszick

2. Competition Law and the Institutional Embeddedness of Economics
David J. Gerber

3. The Goals of Japanese Competition Law
Shuya Hayashi

4. Efficiency of Competition Law in Economies of Transition

5. The Treatment of Efficiencies in South African Merger Consideration
Geoff Parr

PART II: THE STATUS OF EFFICIENCY ANALYSIS IN COMPETITION LAW
6. Should Competition Law Promote Efficiency? Some Reflections of an Economist on the Normative Foundations of Competition Law
Wolfgang Kerber

7. Competition Law Should Promote Economic and Social Welfare by Ensuring the Freedom to Compete – A Lawyer’s View
Roger Zäch

8. Appropriation of the Legal System by Economic Concepts: Should Conflicting Goals be Considered?
Anne Perrot

9. Competition Law and Public Policy: Reconsidering an Uneasy Relationship – The Example of Article 81
Heike Schweitzer

PART III: ECONOMIC ANALYSIS AND COMPETITION LAW IN PRACTICE
10. Restrictive Agreements and Unilateral Restraints: Merging Regimes on Market Power and Exclusion
Thomas Eilmansberger

11. Convergence of Competition Law Prohibitions: Foundational Issues
Michal S. Gal

12. Efficiencies in Merger Analysis: Alchemy in the Age of Empiricism?
Thomas L. Greaney

13. Efficiency in Merger Law: Appropriateness of Efficiency Analysis in Ex-ante Assessment?
Daniel Zimmer

14. Efficient and/or Effective Enforcement
Marie-Anne Frison-Roche

15. A Brief Overview of Some Conflicts between Economic Efficiency and Effectiveness of the Administrative or Judicial Process in Competition Law
Antoine Louvaris

16. Conflicts between Economic Efficiency and Effective Judicial Process
Muriel Chagny

PART IV: GUEST SPEECH
17. Efficiency in the Enforcement Policy of the French Conseil de la Concurrence
Bruno Lasserre

Index