Wednesday, December 16, 2009
Posted by D. Daniel Sokol
Christopher Decker, Regulatory Policy Institute and University of Oxford has written on Economics And The Enforcement Of European Competition Law.
BOOK ABSTRACT: Recent years have seen a trend toward an ‘economics-based’ approach to the enforcement of European competition law. But what is meant by ‘economics-based’, and how does this approach sit with legal and enforcement practice? This book explores these issues by examining how economic expertise features in the enforcement activity of the European Commission and Courts in relation to co-ordinated effects. The role of economics is examined in the entire enforcement process, from the decision to initiate an investigation to the assessment of remedies. The conclusions have relevance to all areas of competition law.
Contents: Preface 1. Introduction 2. The Enforcement Context 3. The Law and Economics of Tacit Coordination 4. A Review of Collective Dominance Decisions 5. Economics in the Enforcement Process 6. The Contribution of Economics to Enforcement 7. Towards a More Economic Approach Appendix: The Economics of Tacit Collusion Bibliography Index