Simonetta Vezzoso Abstract The EU competition policy in regard to vertical restraints is mainly based upon neoclassical efficiency-oriented reasonings, leading to a neglect of the innovation dimension. This paper analyses to what extent evolutionary theories of competition and innovation economics can be used to derive additional, new criteria for the assessment of vertical restraints.
Competition Policy in the EU: Competition policy has emerged as a key policy in the EU, since today there is consensus that competition is the driving force for economic efficiency and the welfare of citizens.
In this period, merger control has been introduced in and reformed in ; case law has established Articles 81 and 82 as fundamental tools to control and prevent anti-competitive behavior; state aid control has consolidated and evolved towards a m More The book takes stock and looks ahead on the development and implementation of competition policy in the European Union EU fifty years after the Treaty of Rome.
In this period, merger control has been introduced in and reformed in ; case law has established Articles 81 and 82 as fundamental tools to control and prevent anti-competitive behavior; state aid control has consolidated and evolved towards a more economic approach; and the authority of the EC and the judicial review of the Court of First Instance CFI and the European Court of Justice ECJ are firmly established.
The book provides an account of the more economic approach to competition policy and reflects the main areas of interest, learning, open issues, and progress in the area: All the chapters are covered by top specialists combining theoretical with practical knowledge and discussing the economic underpinnings of the application of the law and the main cases.Competition policy in the digital economy Given the vast powers granted to the EU’s competition authority by successive regulations, and in the absence of greater checks and balances, it is imperative that DG COMP’s rulings be informed by sound economic analysis.
The role of fairness in EU competition policy and enforcement has been the subject of renewed debate. A perception has emerged among commentators that the European Commission’s (EC) enforcement priorities under the current Competition Commissioner, Margrethe Vestager, seem to have become.
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A hidden paradox has been the involvement of EU competition policy in the area of employment law, especially its active, or rather more passive, involvement in the delivery of Article 3’s (3) “highly competitive social market economy, aiming at full employment”.
Understanding the social feature of competition policy is crucial for the. 26/11/ 2 REFLECTIONS ON THE AIMS OF EU COMPETITION POLICY Competition policy does not exist in a vacuum: it is an expression of the current values and aims of society.
EU competition policy Page 5 of 33 Under a system of checks and balances, the Commission's decisions can be challenged in the Court of Justice of the European Union, namely the .