Handbook on European Competition Law

Handbook on European Competition Law

Substantive Aspects

Elgar original reference

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 14: The regulation/competition interaction

Javier Tapia and Despoina Mantzari

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


Government intervention in markets is ubiquitous and takes many forms. This chapter is concerned with two forms of such intervention – economic regulation and competition law and policy – and their relationship within the context of the EU ‘regulated markets’. Traditionally, competition and regulation were seen as two discrete, opposed categories. An industry was either ‘regulated’ or ‘unregulated’, depending on how much firms were left unrestrained to operate in the market. The following general rule applied: the less the State intervenes in the working of markets, the more room for competition. This view was partially sustained in the common, but erroneous statement that sector-specific regulation is an ex ante mechanism for market intervention, whilst competition law applies ex post to cure observable impediments to competition or infringements of law.

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