Competition Policy in the EU - Fifty Years on from the Treaty of Rome

* Provides key insights into the economic underpinnings of competition law * Indispensable aid to understanding the tendencies in international and EU competition policy * An up to date and comprehensive overview with contributions from the leading specialists in the field A volume that takes stock and looks ahead on the development and implementation of competition policy in the European Union fifty years after the Treaty of Rome. Competition policy has emerged as a key policy in the EU with competition acting as the driving force for economic efficiency and the welfare of citizens. Case law has been established to control and prevent anti-competitve behavior, state aid control has consolidated and evolved towards a more economic approach, and the authority of the EC and the judicial review of the Court of the First Instance (CFI) and the European Court of Justice (ECJ) are firmly etsablished. The book provides an economic approach to competition policy and reflects the main areas of interest, open issues and progress in the area. The volume examines the design of competition policy institutions, the evolution of the implementation of competition policy and its convergence or divergence with US practice, restrictive practices, cartels, abuse of dominance, merger control and state aids. The volume also analyses the interaction of competition policy and regulation, and studies its application to telecoms, banking and energy sectors. All chapters are written by leadfing specialists combining theoretical with practical knowledge and discussing the underpinings of the application of law.

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Readership:

Researchers and students of economics and law, and scholars and professionals working in competition policy.

1: Xavier Vives: Introduction 2: Philip Lowe: The Design of Competition Policy Institutions for the 21st Century- the Experience of the Europan Commission and DG Competition 3: Jorge Padilla: Article 81 Revisited: Deciphering EC Antitrust Goals and Rules 4: John Vickers: Some Economics of Abuse of Dominance 5: Massimo Motta: Cartels in the European Union: Economics. Law, Practice 6: Bruce Lyons: An Economic Assessment of EC Merger Control: 1957-2007 7: David Spector: State Aids: Economic Analysis and Practice in the EU 8: Martin Hellwig: Competition Policy and Sector-Specific Regulations for Network Industries 9: Jordi Gual: European Telecoms Regulation: Past Performance and Prospects 10: Elena Carletti and Xavier Vives: Regulation and Competition Policy in the Banking Sector 11: Richrd Green: EU Regulation and Competition Policy among the Energy Utilities 12: William Kovacic: Competition Policy in the European Union and the United States: Convergence or Divergence?