In 2004, European competition law had been faced with considerable changes due to the introduction of the new Council Regulation No. 1/2003. One of the major renewals was the replacement of the centralized notification system for inter-company cooperations in favor of a so-called legal exemption...

Introduction -- The emergence of competition policy regimes -- The errors of antitrust -- The performance gap -- What is competition policy? -- Sources of error in antitrust practice -- What is different in developing and transition economies? -- The political economy of antitrust enforcement --...