The significant evolution of EU competition law in the last 15 years has been fundamentally influenced by economic theory, and economic aspects of cartel prosecution are increasingly relevant in modern competition practice.
EU Cartel Law and Economics is the first book-length assessment of cartels from an integrated law and economics perspective. This perspective allows for a more insightful evaluation of the wide variety of practices at the intersection between
collusive restrictions of competition and pro-competitive agreements between firms. It sheds light on the underlying mechanics of cartels, including how to detect anti-competitive conspiracies in the absence of hard evidence. It also provides a more conceptual approach to cartel law, outlining ways in
which the current legal structure can be applied more effectively to deter anti-competitive conduct without discouraging pro-competitive forms of cooperation between firms.
The book is divided into four parts: the first part provides a conceptual overview of the law and economics of cartels; the second part describes the central legal analysis in cartel cases; the third part summarises the regulatory process in cartel investigations; and the fourth part deals with civil damages.
EU Cartel Law and Economics is a topical and innovative reference work written by recognised experts in the field. This is the first comprehensive study of the overall impact of economics on cartel enforcement. The book aims to examine the extent to which EU cartel law is consistent with the economics of collusion and identify areas where greater reliance on economics might be desirable ... The authors also explain the answers to a number of key questions. Why do firms form cartels? Are cartels necessarily a bad thing? What is the social cost of cartels? This book, which is
written in a clear, non-technical style, makes the theory, law and practice of cartel enforcement accessible to readers from both economic and legal backgrounds. * Kevin McVeigh, Elliott Duffy Garrett , The Law Gazette *
EU Cartel Law and Economics
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