Dear Readers,

In this issue of the CPI Antitrust Chronicle, we tackle the ongoing debate surrounding the consumer welfare standard in antitrust law.

Since the rise to pre-eminence in the 1970s of the U.S. Chicago School, and the “more economic approach” to competition law enforcement in the EU in the 1990s, the consensus was, for a long time, that the overarching goal of antitrust rules should be to protect “consumer welfare.”

While its contours are hotly debated, even by its proponents, the notion of consumer welfare permeates all aspects of antitrust enforcement, ranging

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