Competition Law

Type :

Market study

Pages :

4 pages

Format :

.doc

Published date :

01/12/2009

Category :

Law & contracts

Sub category :

Other law subjects

Oboulo.com selection criteria

$ 6.95 Add to cart

Summary :

Introduction.
The relevant market : A key concept in the EC Competition Law.
1. From the relevant market to the market power.
2. From a formalistic approach to an economical approach.
The relevant market : A useful tool to be improved.
1. The imperfections of the relevant market.
2. The balance between advantages and inconvenients.
Conclusion.
Bibliography.

Abstract

The area of EC competition law has experienced major structural and substantial changes over the past two decades. The last decade of reforms of EC competition law is often cited as the « modernisation process » . Since competition rules always apply to a « market », this notion have been at the center of the evolution of EC competition. As such, it seems necessary to define concretely this term. Indeed, competition do not exist in abstract. It is a practical fact. Throughout the evolution of EC competition law, the significant debate about this notion, its definition, characteristics and boundaries reveal the fact that this instrument is at the center of EC competition law. To validate our statement, we can look at what the Court of First Instance tell us about this tool : « the appropriate definition of the market in question is a necessary precondition of any judgment concerning allegedly anti competitive behavior » . The European Court of Justice also stated that "the definition of the market is of fundamental significance" .