Economics and the Enforcement of European Competition Law
Show Less

Economics and the Enforcement of European Competition Law

Christopher Decker

Recent years have seen a trend toward an ‘economics-based’ approach to the enforcement of European competition law. But what is meant by ‘economics-based’, and how does this approach sit with legal and enforcement practice? This book seeks to place in perspective the growing use of economics in European competition law enforcement by examining precisely how economics contributes to the enforcement activity of the European Commission and Courts.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: Towards a more economic approach

Christopher Decker


The discussion on the ‘more economic approach’ at least sometimes bears some resemblance to lawyers and economists sitting in the car of competition law enforcement fiercely fighting over the steering wheel. It is quite obvious that this is not a promising scenario. Neither for keeping the car of competition law enforcement on the right track nor for avoiding dangerous hazards to other traffic participants – be it consumers or the business community.1 Dr. Bernhard Heitzer, Präsident des Bundeskartellamtes, 3 December 2008 The purpose of this book was to place in perspective the growing use of economics in European competition law enforcement by providing empirical content to a number of questions regarding how economics is applied in one area of enforcement activity (coordinated behaviour in oligopolistic markets). Specifically, the case study sought to identify the nature of the expertise that economics provides in the entire enforcement process as revealed both by the reported decisions of the Commission and the Courts and by those involved in the enforcement process. This chapter draws together the key conclusions of the book, and considers the potential implications of these conclusions in light of calls for ‘more economics’ in European competition law. A central motivation for this research was the view that a precise and grounded understanding of the actual use of economics in the enforcement of competition law, and a realistic view of its potential for use, is necessary to underlie discussions as to ‘more economics’ in competition law enforcement. It has been emphasised throughout...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.