By Dr Moritz Lorenz

ISBN-10: 110701817X

ISBN-13: 9781107018174

Succinct and concise, this textbook covers the entire procedural and important facets of european pageant legislation. It explores fundamental and secondary legislation during the prism of ECJ case legislation. Abuse of a dominant place and merger keep watch over are mentioned and a separate bankruptcy on cartels guarantees the scholar gets the broadest attainable point of view at the topic. additionally, the book's constant constitution aids knowing: part summaries underline key rules, questions make stronger studying and essay dialogue issues motivate additional exploration. by means of starting up the commercial ideas which underpin the topic, the writer permits the scholar to have interaction with the complexity of festival legislations with self belief. built-in examples and an uncluttered writing sort make this required studying for all scholars of the topic.

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Extra resources for An Introduction to EU Competition Law

Sample text

3 Although Smith believed in the self-regulating forces of the market, he also realised that, if completely left on their own, suppliers would have an incentive to reduce the competitive pressures exerted upon them by other market players: People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which could be executed, or would be consistent with liberty and justice.

The idea of competition 1. THE BENEFITS OF COMPETITION There is a general belief among societies that have adopted the market economy as their economic model that competition brings various benefits. Competition is believed to ensure low prices and a broad range of choices for consumers as well as overall efficiency and innovation. This is also reflected in statements of the Directorate General for Competition (DG COMP) of the European Commission (hereinafter: the Commission): Competition is a basic mechanism of the market economy which encourages companies to offer consumers goods and services at the most favourable terms.

139 para. ) para. 211 para. 796, Canon/Kodak, OJ No. 37, 142 Commission Notice on Agreements of Minor Importance which do not appreciably restrict competition under Article 81(1) of the Treaty establishing the European Community (de minimis), OJ No. C 368 of 22 December 2001, p. 221, 113, 136 Commission Notice on cooperation within the Network of Competition Authorities, OJ No. C 101 of 27 April 2004, p. 244 Commission Notice on the handling of complaints by the Commission under Article 81 and 82 of the EC Treaty, OJ No.

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