Market Investigations: A New Competition Tool for Europe?

Author: Massimo Motta; Martin Peitz; Heike Schweitzer
Publisher: Cambridge University Press
ISBN: 9781316513163
Published In: January 2022
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents

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In many economic sectors – the digital industries being first and foremost – the market power of dominant firms have been steadily increasing and are rarely challenged by competitors. Existing competition laws and regulations have been unable to make markets more contestable. The first edition of this book provided a groundbreaking systematic treatment of the economics of competition policy in a global context. Now in its second edition, this book argues that a new competition tool is needed: market investigations. This tool allows authorities to intervene in markets which do not function as they should, due to market features such as network effects, scale economies, switching costs, and behavioural biases. This book explains the role of market investigations, assesses their use in the few jurisdictions where they exist, and discusses how they should be designed. In so doing, it provides an invaluable and timely instrument to both practitioners and academics.

1. Market investigations in the EU: A road map

Massimo Motta, Martin Peitz, and Heike Schweitzer

2. Intervention triggers and underlying theories of harm

Massimo Motta and Martin Peitz

3. A European market investigation: Institutional set up and procedural design

Heike Schweitzer

4. The integration of wide and narrow market investigations in EU economic law

Pierre Larouch and Alexandre de Streel

5. Market investigations in the UK and beyond

Richard Whish

6. Market inquiries in South Africa: Meeting big expectations?

Trembinkosi Bonakele, Reena das Nair, and Simon Roberts