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Under the regime of Regulation 1/2003 on the implementation of the rules of competition laid down in Articles 101 and 102 TFEU undertakings are obliged to take care by themselves of their compliance with the competition rules. For practical purposes this is also true when it comes to the rules...
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The central economic justification for competition law is that the protection of competition promotes welfare. In particular, perfect competition among firms catering to consumer demand for goods and services maximizes social welfare by generating both allocative and productive efficiencies....
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Following the decisions of the European Court of Justice in the Courage and Manfredi cases, victims of antitrust practices may seek redress before their national civil courts against the infringing businesses. In Spain, an empirical study on private enforcement of competition law collecting the...
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Key PointsFollowing (price-increasing) competition law infringements, consumer harm is two-fold.Consumers are negatively impacted by (i) the overcharge (they pay more for the goods actually purchased during the infringement period) and (ii) a ‘lost consumption effect’ (they buy less because...
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Moving from the current debate on the interactions between competition and consumers’ law, the paper aims at investigating the creation and development of a market for antitrust small claims - i.e. a market in which the right to propose claims is exchangeable for money - in order to empower...
Persistent link: https://www.econbiz.de/10014130798
Considers the role that competition law can play in the improvement of consumer welfare. Questions how important consumers are to competition law and the provisions for claiming compensation at national and European level. Analyses how competition law is applied and how this can be done with a...
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