THE ORIGINS AND AIMS OF COMPETITION POLICY
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.”
A. Smith, Wealth of Nations
EU COMPETITION LAW
Recommended Books on EU Competition Law
- Richard Whish and David Bailey, Competition Law, Oxford University Press
- Jonathan Faull and Ali Nikpay, Faull and Nikpay: The EU Law of Competition, Oxford University Press
- Vivien Rose and David Bailey (Edited by),Bellamy and Child: European Union Law of Competition, Oxford University Press
- Simon Bishop and Mike Walker, The Economics of EC Competition Law: Concepts, Application and Measurement, Sweet & Maxwell, 2010
- Massimo Motta, Competition Policy: Theory and Practice, Cambridge University Press, 2004
On US Antitrust Law
- Phillip E. Areeda and Herbert Hovenkamp, Antitrust Law: An Analysis of Antitrust Principles and Their Application, Wolters Kluwer Legal & Regulatory U.S.
CARTELS
Article 101 TFEU
“Our philosophy is just the opposite. In reality, it is our competitors who are our friends and the customer is our enemy.“
Dwayne Andreas, chairman ADM (secret recording of meetings of the Lysine Cartel, DOJ investigation)
ABUSE OF DOMINANCE
Article 102 TFEU
MERGERS
STATE AID
Article 107 TFEU
PRIVATE ENFORCEMENT
RELEVANT LEGISLATION & OTHER MATERIALS
EU Legislation:
Core provisions Articles 101, 102, 106
Other relevant provisions: Articles 3, 14, 37, 103, 104, 105, 119, 339, 346.
Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings (the EC Merger Regulation) Official Journal L 24, 29.01.2004, p. 1-22.
US Legislation
- Clayton Act
- Sherman Act
- FTC Act, particularly Section 5
Competition Law Authorities
- EU Directorate General for Competition Website
- US Department of Justice, Antitrust Division Website
- Federal Trade Commission Website
BLOGS TO FOLLOW
- The American Bar Association’s Section of Antitrust Law
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