This paper argues that empirical economic analysis in court proceedings is subject to important economic and legal restrictions, cumulating in a fundamental trade-off between accuracy and practicality. We draw lessons from two influential German court cases – the paper wholesaler cartel...

Can EuropeÂ?s nations go alone in their quest for a secure, competitive and environmentally-sustainable energy future? Or will this lead to a dispersion of effort, even to mutually undercutting national policies? If a common energy policy is the way forward, can the EU manage the necessary...

The context for this book is the increasingly complex relationship between economic theory and competition law which gives rise to lively political and academic debate on the direction competition law should take in a more global and innovation-oriented market place.

This article assesses the relevance of efficiencies and other justifications in recent Article 102 TFEU cases. Based on a review of all EU decisions and openings between 2009 and mid 2013 we find that procompetitive justifications still play a mediocre role in the EU Commission’s evaluations,...

The Regional Aid Guidelines foresee specific screens for an in-depth assessment of Large Investment Projects (LIPs): an in-depth assessment is initiated if the market share of the aid beneficiary is above 25% or the investment results in a capacity expansion above 5% in a declining market. It is...

Der Kreditkartenmarkt wird von zwei Firmen bestimmt: VISA und Mastercard/Eurocard. Der Einfluss der "Großen Zwei" hat sowohl in den USA als auch in Europa wettbewerbsrechtliche Bedenken ausgelöst und den bisher kaum wirtschaftswissenschaftlich analysierten Kreditkartenmarkt in den Mittelpunkt...

This paper evaluates the effects of liberalizing access to the space sector, as currently envisaged by the EC Commission. We undertake an econometric evaluation of the degree of scale economies in satellite operations and calibrate a Cournot model of competition in which the effect of...

The deregulation of the telecommunications industry has resulted in a variety of industry structures which have been created in the hope of increasing competition. One example is the licensing of cellular telephone services in the United States. In the face of scarce radio spectrum, the Federal...