The Concept of the Relevant Product Market : Between Demand-side Substitutability and Supply-side Substitutability in Competition Law
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Book Details
Format
Paperback / Softback
ISBN-10
3631579349
ISBN-13
9783631579343
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Jun 2nd, 2008
Print length
128 Pages
Weight
186 grams
Dimensions
14.90 x 21.00 x 0.90 cms
Product Classification:
Economic theory & philosophyJurisprudence & general issuesLegal system: generalCommercial law
Ksh 4,350.00
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The proper definition of the relevant product market still is the lynchpin of competition law: defining the market too wide makes it impossible to capture the companies’ behavioural margins that are the result of market power and are not neutralized by competition; defining the market too narrow creates market power and forces undertakings under the application of Art. 82 EC, Art. 2 ECMR, § 19 German Competition Act. In European and German competition law the aspect of demand-side substitutability has been the most important criterion. The meaning of potential competition and especially of supply-side substitutability has not been systematically grasped. The book therefore re-thinks the relevant questions of proper market definition.
The proper definition of the relevant product market still is the lynchpin of competition law: defining the market too wide makes it impossible to capture the companies’ behavioural margins that are the result of market power and are not neutralized by competition; defining the market too narrow creates market power and forces undertakings under the application of Art. 82 EC, Art. 2 ECMR, § 19 German Competition Act. In European and German competition law the aspect of demand-side substitutability has been the most important criterion. The meaning of potential competition and especially of supply-side substitutability has not been systematically grasped. The book therefore re-thinks the relevant questions of proper market definition.
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