The analysis focuses on whether competition law and regulation are complements or substitutes, and on incentives for investment and (sequential) innovation.

In his Burrell Lecture, given before the Competition Law Association, the author compares and contrasts trends in competition law and policy on both sides of the Atlantic, noting areas in which EC and U.S. law and economics are converging, and other areas in which these regimes remain distinct.

Arguably the largest abuse of dominance case in Europe before <i>Microsoft</i> was the <i>IBM</i> case of the early 1980s. Both cases were about interoperability and bundling, and both followed litigation in the United States. Unlike <i>Microsoft</i>, the European <i>IBM</i> case was settled without a decision being taken,...

This note reviews some of the basic economics of the crisis before concluding that October’s systemic bank rescue package is not unduly competition-threatening, whereas the waiver of merger policy for the Lloyds TSB acquisition of HBOS was probably a policy mistake.