Naturally, competition policy is based on competition economics made applicable in terms of law and its enforcement. Within the different branches of competition economics, modern industrial economics, or more precisely gametheoretic oligopoly theory, has become the dominating paradigm both in...

Economics rightfully represents the major basis for competition policy. Next to generating knowledge about competition and its welfare effects, the currently popular "more-economic approach" is charged with a number of additional hopes and expectations, leading to a reduction of the ambiguities...

Advanced economic instruments like simulation models are enjoying an increased popularity in practical antitrust. There is hope that they being quantitative predictive economic evidence can substitute for qualitative structural analysis and lead to unambiguous results. This paper demonstrates...