Private Enforcement of EU Competition Law
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Private Enforcement of EU Competition Law

The Impact of the Damages Directive

Edited by Pier L. Parcu, Giorgio Monti and Marco Botta

During the past decade, private enforcement of competition law has slowly taken off in Europe. However, major differences still exist among Member States. By harmonizing a number of procedural rules, the Damages Directive aimed to establish a level playing field among EU Member States. This timely book represents the first assessment of the implementation of the Damages Directive. Offering a comparative perspective, key chapters provide an up-to-date account of the emerging trends in private enforcement of competition law in Europe.
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Chapter 4: The role of economics in EU private antitrust enforcement: theoretical framework, empirical methods and practical issues

Pier Luigi Parcu and Maria Alessandra Rossi

Abstract

This chapter provides an overview of the most salient economic issues involved in the estimation of private antitrust damages in light of the approach currently adopted in Europe. Since the publication of the ‘Practical Guide’ on damage quantification by the EU Commission in 2013, many uncertainties as to the appropriate general economic framework for damages estimation have been resolved. The chapter illustrates, in a language easily understandable to non-economists, the key theoretical and methodological tenets underlying economic practice in the quantification of antitrust damages. It provides an accessible explanation of the logic underlying the main empirical methods used by economic experts and highlights some of the challenges that arise in their application.

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