The first comment argues that the current economic approach to EU state aid policy tends to become a general control of the effectiveness of all subsidies in the Member States. This goes far beyond the initial intention of the EU competition rules of Art. 87 to 89 EC Treaty. An economic approach...

The analysis of the advantages of competition as a process of parallel experimentation is a neglected dimension of competition. Innovation competition as a trial and error-process can be analyzed as an evolutionary process of variation and selection of new problem solutions, which allows to...

This contribution is a broad (textbook-like) survey on the economic foundations of competition policy. It encompasses a comprehensive overview on both industrial economics and law and economics arguments, as far as they are relevant for competition law. Contents: I. Competition and competition...

The digital transformation "revolutionizes" entire economies and societies. It can be interpreted as a Schumpeterian technological and economic revolution that fits well into his "Theory of Economic Development" written more than 100 years ago. This paper analyzes three current policy debates...

This outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law. They examine what lies at the core of the ‘economic approach to competition law’ and deal with its normative and institutional limitations. In recent years the...

Both in US antitrust and EU competition policy a development to a broader appli-cation of rule of reason instead of per se rules can be observed. In the European discussion the attempt to base competition policy on a more economic approach is mainly viewed as im-proving the economic analysis in...

Die fortschreitende wirtschaftliche Integration und die vielfältigen Möglichkeiten für globale unternehmerische Aktivitäten erfordern Strategien zu ihrer Umsetzung. Bedarf es globaler Wettbewerbsregeln, um den globalen Wettbewerb zu schützen? Für Ulf Böge, Bundeskartellamt, sollte der Weg...