The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad in 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Nowadays the international
The Internet of Things (IoT) integrates the physical world into a computer-based system to allow objects to collect and exchange data. This inter-networking should bring
Economics implies that cartels are inherently unstable and so should be short-lived because they price above the Nash equilibrium. However, the evidence is cartels are
Traditionally, competition authorities start their assessment by identifying the competitive scene, i.e. the relevant market, which includes the firm’s product and potential substitutes. They then
“Economics is the study of how society decides what, how and for whom to produce.” Begg, Fischer and Dornbusch “A lawyer who has not studied
Welcome to the EU Competition Law module. This page gives a general introduction to EU competition policy.