Cases in European Competition Policy : The Economic Analysis

Bruce Lyons

ISBN 10: 0521713501 / ISBN 13: 9780521713504

Published by Cambridge University Press, 2009

About this Item

Druck auf Anfrage Neuware - Printed after ordering - 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.

Seller Inventory # 9780521713504

Bibliographic Details

• Title: Cases in European Competition Policy : The Economic Analysis
• Publisher: Cambridge University Press
• Publication Date: 2009
• Language: English
• ISBN 10: 0521713501
• ISBN 13: 9780521713504
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 244W x 170H x 28D millimeters 244 millimeters width by 170 millimeters height by 28 millimeters depth
• Weight: 874 grams

About this title

Synopsis

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.

About the Author

Bruce Lyons is Professor of Economics and Deputy Director of the ESRC Centre for Competition Policy at the University of East Anglia, Norwich.