Handbook on European Competition Law

Handbook on European Competition Law

Substantive Aspects

Edited by Ioannis Lianos and Damien Geradin

Handbook on European Competition Law: Substantive Aspects sets the context for examination of substantive law by reviewing and analyzing the goals of competition law. It then covers the substantive building blocks of EU competition law, including horizontal and vertical agreements, cartels, mergers, and also provides valuable coverage of the interaction between competition and regulation, hub and spoke collusion, and information exchange agreements. The importance of the abuse of dominance doctrine is reflected in three discrete chapters considering exploitative abuses, exclusionary pricing abuses, and exclusionary non-pricing abuses.

Chapter 6: Hub and Spoke Collusion

Okeoghene Odudu

Subjects: economics and finance, competition policy, law - academic, competition and antitrust law, european law

Extract

In order to achieve a coordinated response on the market it is necessary that competing undertakings are able to (a) identify a mutually beneficial strategy; (b) detect deviation from that strategy; and (c) apply pressure to prevent deviation from the mutually beneficial strategy. Information disclosure, by removing uncertainties, can make it easier for competing undertakings to achieve the first element of a coordinated market response – identifying a mutually beneficial strategy. Information disclosure may also enable competing undertakings to achieve the second element of a coordinated market response – detecting deviation from the mutually beneficial strategy.

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