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The present chapter investigates the antitrust rules applicable to loyalty or fidelity rebate schemes under EU competition and US antitrust law. It finds that antitrust liability for a dominant company will more readily be established in the EU, where the applicability of economics-based tests...
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adequate response to markets without prices. Modern antitrust law is firmly grounded in neoclassical economics — price theory …. Steeped in price theory, preeminent antitrust theorists have unsurprisingly urged that without prices there can be no markets …
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In this paper, we explore the competitive significance of both bundled and loyalty discounts. The paper proceeds as follows. In Section II, we examine the antitrust treatment of both bundled discounts and loyalty discounts in the United States. In Section III, we examine bundled discounts and...
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