By Xavier Vives

A quantity that takes inventory and appears forward at the improvement and implementation of pageant coverage within the ecu Union fifty years after the Treaty of Rome. festival coverage has emerged as a key coverage within the ecu with festival appearing because the driver for financial potency and the welfare of electorate. Case legislation has been confirmed to manage and forestall anti-competitve habit, country relief regulate has consolidated and advanced in the direction of a extra monetary process, and the authority of the EC and the judicial evaluate of the courtroom of the 1st example (CFI) and the ecu court docket of Justice (ECJ) are firmly etsablished. The ebook presents an financial method of pageant coverage and displays the most parts of curiosity, open matters and growth within the zone. the amount examines the layout of pageant coverage associations, the evolution of the implementation of festival coverage and its convergence or divergence with US perform, restrictive practices, cartels, abuse of dominance, merger regulate and country aids. the quantity additionally analyses the interplay of festival coverage and law, and reports its program to telecoms, banking and effort sectors. All chapters are written through leadfing experts combining theoretical with functional wisdom and discussing the underpinings of the applying of legislation.

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Extra info for Competition Policy in the EU: Fifty Years on from the Treaty of Rome

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They also set out the factors that may mitigate an initial concern that a merger is likely to harm competition and the conditions under which efficiency gains resulting from the merger will be taken into account. In addition, with the aim of providing guidance to undertakings, a 2001 Notice on remedies sets out the general principles applicable to remedies acceptable to the Commission in merger proceedings. The Notice describes the main types of commitments that have been accepted by the Commission, the specific requirements which proposals of commitments need to fulfil in both phases of the procedure, and the main requirements for the implementation of commitments.

Jordi Gual and Sandra Jo´dar-Rosell look at the past performance and prospects of regulation in the telecommunications sector. The authors review the EU regulatory frameworks of 1998 and 2003. Behind the 1998 framework are the objectives to increase competition and integrate the market in a strategy of ‘host country rules within limits’, which involves harmonization with Member State application of regulations. The concern was to protect nascent competition given the legacy of vertically integrated multiproduct national monopolies by ensuring efficient entry abolishing exclusive rights and encouraging tariff rebalancing (for example, in voice), minimizing the risk of market tipping (with mandatory interconnection between networks and decreasing switching costs), and preventing the abuse of dominant position by incumbents.

The Commissioner for Competition is in addition empowered to take decisions on cases and problems which raise no significant policy issue. These arrangements offer a solid guarantee of the integrity and impartiality of investigations and their conclusions, while reserving all key decisions on cases and policy for the college of Commissioners as a whole. 22 Competition Policy Institutions Thirdly, a competition certainly needs to be independent and impartial. But it should not be isolated or uninformed.

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Competition Policy in the EU: Fifty Years on from the Treaty by Xavier Vives
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