CPI 1(2)

Judicial Review of Antitrust Cases Bo Vesterdorf, Sep 01, 2005 Judicial Review in EC Competition Law: Reflections on the Role of the Community Courts in the EC System of Competition Law Enforcement This paper sets out personal reflections on the role of the judiciary within a primarily administrative system of enforcement of the competition laws. […]

From the Editor: Autumn 2005

Richard Schmalensee, Sep 01, 2005 The second issue of Competition Policy International begins with articles by two distinguished jurists representing both sides of the Atlantic. President Bo Vesterdorf, of the European Court of First Instance in Luxembourg, looks at the role of the EC courts in reviewing competition policy decisions by the European Commission. One […]

From the Editor: Spring 2005

Richard Schmalensee, Apr 01, 2005 Welcome to the first issue of Competition Policy International. This inaugural volume begins with a colloquy about tying, an unsettled area in both economics and law. The Chicago School taught that even firms with monopoly power were not likely to find tying attractive because it could not augment their market […]

Judicial Review in EC Competition Law: Reflections on the Role of the Community Courts in the EC System of Competition Law Enforcement

Bo Vesterdorf, Sep 01, 2005 This paper sets out personal reflections on the role of the judiciary within a primarily administrative system of enforcement of the competition laws. The paper first goes through a short description of the basic features of the EC system of competition law enforcement. Second, it addresses the role of the […]

The Analysis of Tying Cases: A Primer

Jean Tirole, Apr 01, 2005 This primer analyzes factors that make ties more likely either to hurt or to benefit consumers. It first identifies factors that influence where the impact of tying on competition in the tied market stands, ranging from little impact on the rivals’ ability to compete to total exclusion of competitors. Then, […]

Tied and True Exclusion: Comment on Jean Tirole’s “The Analysis of Tying Cases”

Barry Nalebuff, Apr 01, 2005 The takeaway point of Tirole’s excellent primer is that tying, while potentially exclusionary, does not deserve special treatment. This commentary offers two reasons why tying should be accorded special treatment. First, unlike predatory pricing, tying offers a monopolist the ability to engage in no-cost predation. A critical component of the […]

The Great Reformer: Mario Monti’s Legacy in Article 81 and Cartel Policy

Margaret Bloom, Apr 01, 2005 Commissioner Mario Monti’s achievements in relation to Article 81 of the EC Treaty include three are major reforms: (1) the modernization of EC competition law; (2) the introduction of a more economics-based analysis for Article 81 cases; (3) and the fight against cartels. An equally significant achievement is Commissioner Monti’s […]

How Economics Can Improve Antitrust Doctrine towards Tie-In Sales: Comment on Jean Tirole’s “The Analysis of Tying Cases”

Dennis Carlton, Michael Waldman, Apr 01, 2005 Tirole has written an excellent primer focused on what is known about tying and what he believes is desirable antitrust policy concerning the practice. Although the authors agree with most of Tirole’s arguments, there are two topics for which their perspective is somewhat different. First, he discusses situations […]

Economies as an Antitrust Defense: The Welfare Tradeoffs

Apr 01, 2005 In this article, Oliver Williamson sets out the case for taking efficiency gains into account when analyzing allegedly anticompetitive conduct, especially in the case of mergers. The welfare tradeoff model applies most easily to the case of two firms that merge into a monopoly. The analysis begins by recognizing that in the […]

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