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The More Economic Approach to EU Antitrust Law
Hardcover
Series: Hart Studies in Competition Law, Book 14
ISBN13: 9781849466967
Publisher: Bloomsbury Publishing PLC
Published: Nov 17 2016
Pages: 384
Weight: 1.50
Height: 1.00 Width: 6.20 Depth: 9.30
Language: English
In the late 1990s, the European Commission embarked on a long process of introducing a 'more economic approach' to EU Antitrust law. One by one, it reviewed its approach to all three pillars of EU Antitrust Law, starting with Article 101 TFEU, moving on to EU merger control and concluding the process with Article 102 TFEU. Its aim was to make EU antitrust law more compatible with contemporary economic thinking.
This book argues that the Commission's new understanding of the law has many benefits. Its key principles are logical, translate well into workable legal concepts and promise a great degree of accuracy. However, it also has a number of serious drawbacks as it stands. Most worryingly, its revised interpretation of the law is to large extents incompatible with the case law of the European Court of Justice, which has not been swayed by the exclusive consumer welfare aim. This situation is undesirable from the point of view of legal certainty and the rule of law.
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