Excessive Pricing and Competition Law Enforcement. (2018)
- Record Type:
- Book
- Title:
- Excessive Pricing and Competition Law Enforcement. (2018)
- Main Title:
- Excessive Pricing and Competition Law Enforcement
- Further Information:
- Note: Yannis Katsoulacos, Frédéric Jenny, editors.
- Editors:
- Katsoulacos, Yannis
Jenny, Frédéric - Contents:
- Intro; Contents; Introduction; Abuse of Dominance by Firms Charging Excessive or Unfair Prices: An Assessment; 1 Section I: The Practices of Competition Authorities and Courts with Respect to High Prices by Monopolies or Dominant Firms; 1.1 Leading Recent Cases; 1.2 Other Cases; 2 Section II: The Pros and the Cons of the Prohibition Against Excessive or Unfair Prices; 2.1 Self-Correcting Markets; 2.2 Harmonization Versus Gap Cases; 2.3 Protecting Consumer Welfare Versus Distorting Incentives to Compete; 2.4 Regulation Versus Competition; 3 Section III: The Cost and the Risks of Errors 3.1 The Cost of Errors3.2 The Risks of Errors; 4 Section IV: The Use of Screens and Prioritization Criteria by Competition Authorities; 4.1 Priority Setting Criteria; 5 Section V: Alternative Tools at the Disposal of Competition Authorities to Deal with Excessive Pricing; 5.1 Market Investigations; 5.2 Market Studies for Advocacy Purposes; 6 Conclusion; References; Another Look at the Economics of the UK CMAś Phenytoin Case; 1 Introduction; 2 Framework for Assessment of Excessive Pricing in the European Union; 3 Facts of the Case 3.1 The UK Regulatory Regime and the Role of the National Health Service3.2 Market Developments up to and During the CMAś Investigation; 4 The CMAś Assessment; 4.1 Market Definition; 4.2 Dominance; 4.2.1 Barriers to Entry; 4.2.2 Buyer Power (Including Regulation); 4.3 Excessive Pricing; 4.3.1 United Brands First Limb: Excess; 4.3.2 United Brands Second Limb: Is theIntro; Contents; Introduction; Abuse of Dominance by Firms Charging Excessive or Unfair Prices: An Assessment; 1 Section I: The Practices of Competition Authorities and Courts with Respect to High Prices by Monopolies or Dominant Firms; 1.1 Leading Recent Cases; 1.2 Other Cases; 2 Section II: The Pros and the Cons of the Prohibition Against Excessive or Unfair Prices; 2.1 Self-Correcting Markets; 2.2 Harmonization Versus Gap Cases; 2.3 Protecting Consumer Welfare Versus Distorting Incentives to Compete; 2.4 Regulation Versus Competition; 3 Section III: The Cost and the Risks of Errors 3.1 The Cost of Errors3.2 The Risks of Errors; 4 Section IV: The Use of Screens and Prioritization Criteria by Competition Authorities; 4.1 Priority Setting Criteria; 5 Section V: Alternative Tools at the Disposal of Competition Authorities to Deal with Excessive Pricing; 5.1 Market Investigations; 5.2 Market Studies for Advocacy Purposes; 6 Conclusion; References; Another Look at the Economics of the UK CMAś Phenytoin Case; 1 Introduction; 2 Framework for Assessment of Excessive Pricing in the European Union; 3 Facts of the Case 3.1 The UK Regulatory Regime and the Role of the National Health Service3.2 Market Developments up to and During the CMAś Investigation; 4 The CMAś Assessment; 4.1 Market Definition; 4.2 Dominance; 4.2.1 Barriers to Entry; 4.2.2 Buyer Power (Including Regulation); 4.3 Excessive Pricing; 4.3.1 United Brands First Limb: Excess; 4.3.2 United Brands Second Limb: Is the Excess Unfair?; 4.4 Remedies and Penalties; 4.4.1 Direction on Pricing: `Try to Guess the Number I Am Thinking of;́ 4.4.2 Financial Penalties for Excessive Pricing? To What Purpose?; 5 Conclusion; References A Coherent Approach to the Antitrust Prohibition of Excessive Pricing by Dominant Firms1 Introduction; 2 Is Excessive Pricing by Dominant Firms an Antitrust Violation and Why?; 3 The Prohibition of Excessive Pricing by Dominant Firms Is Enforced; 4 Investment Considerations Should Be Examined on a Case-by-Case Basis; 5 A Note on the Cost of Errors; 6 How to Assess Whether a Dominant Firmś Price Is Excessive; 6.1 Step 1: What Is the ``Competitive Price ́́or an Upper Threshold of the Competitive Price; 6.1.1 Comparative Benchmarks; 6.1.2 A Cost-Based Benchmark 6.1.3 The Correct Benchmark to Compare with Is the Competitive Price, or a more Competitive Price, Rather than the Consumers ́...6.2 Step 2: What Is ``Excessive ́́Above the ``Competitive Price ́́and the Similarity Between Assessment of an Excessive Pricin...; 6.3 Step 3: The Efficiency Defense; 7 Liability Should Not Be Limited to Mixed Cases of Exploitative and Exclusionary Abuse; 8 Liability Is for Past Behavior, Even When Future Competition Is Expected; 9 The False ``Self-Correction ́́Argument; 10 Conclusion; References … (more)
- Publisher Details:
- Cham : Springer
- Publication Date:
- 2018
- Extent:
- 1 online resource
- Subjects:
- 343.1
Economics
Antitrust law
Pricing
Competition, Unfair
LAW / Military
Law -- International
Business & Economics -- Industrial Management
Political Science -- Public Policy -- Economic Policy
Business & Economics -- Development -- General
International economic & trade law
Economics of industrial organisation
Political economy
Development economics & emerging economies
Management science
Law and economics
Industrial organization
Economic policy
Development economics
Law -- Commercial -- General
Electronic books - Languages:
- English
- ISBNs:
- 9783319928319
3319928317 - Related ISBNs:
- 9783319928302
3319928309 - Notes:
- Note: Includes bibliographical references and index.
Note: Online resource; title from PDF file page (EBSCO, viewed September 19, 2018). - Access Rights:
- Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
- Access Usage:
- Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD.DS.329626
- Ingest File:
- 01_271.xml