Competition law is rooted in economic theory, and economics provides many of the standard tools often applied in competition investigations. As a result, a strong foundation in economics is an invaluable asset for practitioners in this area of law. This is the new edition of the popular and well-regarded practitioner guide to the economic principles of competition law. Written in accessible language for non-technical readers, it covers first economic principles by applying them directly to competition cases. It covers all major topics in competition law where economics is relevant: the core themes of market definition, market power and dominance, mergers, and anti-competition practice, as well as less familiar but important areas such as state aid, remedy design and damages. Topics are introduced by posing compelling questions based on real cases from around the world. The new edition has been updated to include important recent developments in competition law, and new economic approaches.
Gunnar Niels is a Partner at Oxera, leading the organisation's work in competition policy and litigation. He is a non-governmental adviser (NGA) to the International Competition Network (ICN) Working Group on Unilateral Conduct. Helen Jenkins is a Partner at Oxera, with more than 20 years of professional experience in applying economic principles to issues of strategic importance for businesses, predominantly in the context of litigation and competition investigations. James Kavanagh is a Partner at Oxera, specialising in competition economics, with a focus on state aid and litigation. He has worked on economic and finance issues in cases in all major European jurisdictions.
1. Introduction: starting from first principles ; 2. Market definition ; 3. Market power ; 4. Abuse of dominance ; 5. Cartels and other horizontal agreements ; 6. Vertical restraints ; 7. Mergers ; 8. State Aid ; 9. Design of remedies ; 10. Quantification of damages ; 11. The use of economic evidence in competition cases