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The Oligopoly Problem in EU Competition Law
Petit, Nicolas
2013In GERADIN, D.; LIANNOS, I. (Eds.) Research Handbook in European Competition Law
 

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Keywords :
competition law; tacit collusion; oligopoly; Abuse of collective dominance; droit européen de la concurrence; collusion tacite; oligopoles
Abstract :
[en] This paper offers a complete overview of the oligopoly problem in competition law and economics, with a specific focus on European Union (EU) law. A related purpose of the paper is to challenge the dominant view that merger control is the ultimate preventive remedy against tacit collusion. On close analysis, the merger-only enforcement paradigm against tacit collusion generates a systemic risk of type II errors. Part of this enforcement gap may, however, be alleviated through a more muscular enforcement of the rules on coordinated conduct (i.e. Article 101 TFEU) and on unilateral conduct (i.e. Article 102 TFEU). In this later respect, the paper formulates a possible theory of harm that would entitle agencies and courts to apply Article 102 TFEU to specific types of conduct by oligopolists. The concept of abuse of collective dominance may in particular be applied to the artificial tactics which oligopolists adopt to protect an observed collusive equilibrium from the natural, disruptive effect caused by an external shock (entry, natural disaster, change in tax rate, etc.). In this sense, the paper is different from other scholarly proposals that recommend applying rules on unilateral conduct to excessive oligopoly prices and/or facilitating practices.
Disciplines :
European & international law
Author, co-author :
Petit, Nicolas ;  Université de Liège - ULiège > Département de droit > Droit européen de la concurrence
Language :
English
Title :
The Oligopoly Problem in EU Competition Law
Alternative titles :
[fr] Le problème des oligopoles en droit européen de la concurrence
Publication date :
September 2013
Main work title :
Research Handbook in European Competition Law
Editor :
GERADIN, D.
LIANNOS, I.
Publisher :
Edward Elgar
Available on ORBi :
since 13 February 2013

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