Since the very beginning of antitrsut legislation, microeconomics has influenced the context as well as the implementation of the law. Because economic development is in nature very cyclical, merger policy can not be static, being influenced also by the development of economic theory. There are...

Passage of the Sherman Act in the United States in 1890 set the stage for a century of jurisprudence regarding monopoly, cartels, and oligopoly. Among American statutes that regulate commerce, the Sherman Act is unequaled in its generality. The Act outlawed "every contract, combination or...

This paper analyses the impact of the Competition Act 1991, largely by focusing on the decisions of the Competition Authority during its first three years. The Act, which was based on Articles 85 and 86 of the Treaty of Rome, introduced a prohibition based system of competition law in Ireland....

The economics of market concentration and antitrust law have a long-lasting tradition of fruitful interaction. In static neoclassical theory, market concentration - irrespective of the reasons of it – was considered harmful. Later, adherents of the Harvard School correctly observed a...

In a series of recent cases - most notably in TeliaSonera and Post Danmark - the equally efficient competitor principle has been explicitly recognised by the Court of Justice of the EU; more clearly so than by courts in the US, where the principle originates. However the exact scope of...

This paper reviews the Israeli credit card industry and discusses in detail the ongoing attempts by the Israeli Antitrust Authority (IAA) to promote competition in the industry. Currently, these attempts had only limited success: there is still little competition both on the issuing and the...

This essay offers a brief, non-technical exposition of the antitrust analysis of horizontal mergers in product differentiated markets where the resulting price increase is thought to be unilateral - that is, only the post-merger firm increases its prices while other firms in the market do not....

Mergers involving dominant firms legitimately receive close scrutiny under the antitrust laws, even if they involve tiny firms. Further, they should be examined closely even in markets that generally exhibit low entry barriers. Many of the so-called quot;unilateral effectsquot; cases in current...

In this paper we analyse the efficiency of the Spanish Police Service using Data Envelopment Analysis (DEA). The analysis concentrates on the police activities related to the solving of crimes. The theoretical and empirical study of the policy production function under this dimension leads us to...

This chapter examines the relationship between corporate governance and competition, particularly with regard to cartel formation, and discusses how corporate governance and firm agency problems affect optimal law enforcement against cartels, both in terms of sanctions and leniency policies....