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
Tag: EU Antitrust
Open Standards to Boost the Internet of Things
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
Is economics helpful when it comes to cartels?
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
When the market definition/market share approach does not work to assess market power
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 and Competition Law
“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
An Introduction to EU Competition Law*
Welcome to the EU Competition Law module. This page gives a general introduction to EU competition policy.
