Competition law / Antitrust law Books

Book SynopsisThis book organizes the intent and purpose of the Japanese competition law (Antimonopoly Act) to address the digitalized socio-economy and provides a detailed explanation of its basic content as well as advanced issues. It includes an overview of Japanese law and its international position, a basic understanding of the big data and AI issues in today's competition law, and perspectives on high-tech regulation. In addition, it includes a variety of important topics, ranging from exploring principles to tackle digital regulatory realities, to understanding and analyzing the competitive realities of multisided markets. It also examines the relationship between information and competition law and that between consumer and competition law.Digitalization is a key concept in our economy and society today. Carbon neutrality initiatives, the need to improve productivity, globalization, and new ways of working are all seeking breakthroughs by way of digitalization. What’s more, digitalization requires free and fair competition in order to encourage technological innovation. The search for transparent and clear competition laws is essential to promote efficient and effective research and development and to promote public awareness through competition.Table of ContentsPart 1. Introduction.- Chapter 1: Overview of Japanese Law.- Chapter 2 International Cooperation and Harmonization in Competition Law.- Part 2: Digital Initiatives in Japanese Competition Law.- Chapter 3: Big Data and AI.- Chapter 4: Big Data and AI-Chapter 5: Perspectives on High-Tech Regulation.- Part 3: The Realities of Various Digital Regulations.- Chapter 6: Data Regulation.- Chapter 7 Digital PF Regulation.- Chapter 8: Competition in Multisided Markets.- Chapter 9 Competition Law and Consumers in Digital Platforms.

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Book SynopsisAssessing 100 years of antitrust policy in the USA, this text shows that although antitrust laws claim to serve the public, they are vulnerable to the influence of special interest groups. An analysis of how antitrust bows to self-serving business interests instead of the consumer is also included.Table of ContentsPublic-choice theory and antitrust policy, William F. Shughart II; in search of the public-interest model of antitrust, Fred McChesney; what do economists think about antitrust? - a random walk down Pennslyvania Avenue, Paul H. Rubin; the economic effects of the antitrust laws (1996), George J. Stigler; a statistical study of antitrust enforcement (1970), Richard A. Posner; the economic determinants of antitrust activity (1973), William F. Long, Richard Schramm and Robert D. Tollison. (Part contents).

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Book SynopsisDavid George Surdam is an associate professor of economics at the University of Northern Iowa. He is the author of Wins, Losses, and Empty Seats: How Baseball Outlasted the Great Depression.

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Book SynopsisAn innovative, comparative study of the origins, development, and enforcement of antitrust law in Germany and Japan over the course of 50 years.Table of ContentsPreface Acknowledgments PART 1 THE ORIGINS AND DEVELOPMENT OF ANTITRUST LEGISLATION IN GERMANY AND JAPAN Error and Irony: The American Impetus Transformation and Convergence: The German and Japanese Responses PART 2 ANTITRUST REGULATION AND ITS ENFORCEMENT IN GERMANY AND JAPAN Prohibitions and Approvals Processes and Procedures Remedies and Sanctions A Concluding Assessment Notes Selected Bibliography Index

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Book SynopsisThis book, the first in a new book series, examines the range of circumstances and assumptions that affect the scope of the global antitrust/competition law enterprise.Trade Review"Lianos and Sokol's The Limits of Antitrust takes as its intellectual impetus the anniversary of the publication of Easterbrook's seminal article (1984), which pointed to the limits of US antitrust (competition) law . . . The edited collection explores where limits now lie in the subdiscipline, ranging well beyond current issues in law and economics thinking in US antitrust law to broader themes."—Imelda Maher, Law & Social Inquiry"Overall, this book is an enjoyable and enriching read for those academics who have a broad interest in the limits of competition law and, in a more general sense, in its development. Institutionalists, economists, cultural anthropologists and lawyers, as well as the general interested reader, will find something to appeal to them in this book, which presents a critical approach to competition law in terms of its scope, consistency and legitimacy."—Valerie Demedts, European Institute (Jean Monnet Centre of Excellence), Ghent University"This book has a little bit for everyone—academics, practicing attorneys, policy-makers, and students . . . The book's disparate approaches, subjects, and viewpoints are a major strength, and collectively celebrate both the limits and potential of competition law."—Jarod M. Bona, European Competition Law Review"Global Limits of Competition Law (GLCL) is an important book for its survey of the constraints of antitrust . . . It should be understood as a book that seeks to challenge the present depth limits of antitrust by offering important antitrust contributions . . . GLCL is a successful collective effort to explain the depth needed in antitrust."—Barak Orbach, Texas Law Review"The volume successfully maps various challenges faced by competition laws internationally, identifying numerous topical issues. It is both informative and thought-provoking. . . All in all, the volume is an excellent piece of scholarship. The contributors ventured into the uncharted waters in competition law, pointing to and analyzing various challenges competition law faces in a global context. The editors do a good job in framing the discussion around many of the currently debated issues, making the volume a recommended read for the general antitrust audience, and a must-read for all concerned with the "international" dimension of competition law discourse."—Marek Martyniszyn, Northwestern Journal of International Law and Business"Given the increasingly global dynamics of competition law and economics, Lianos and Sokol will make an important contribution to the field of antitrust with this new series."—Einer Elhauge, Harvard Law School"This series promises to offer a vital set of books that will fill a real need. The interaction of competition law, economics, and institutions in view of globalized markets is a critical problem of our times."—Eleanor Fox, NYU School of Law"With over 100 jurisdictions enforcing competition policy, officials need to know how to cooperate with other authorities, and undertakings devising a global strategy need to know how to comply with the requirements of many different authorities operating under different legislation. Both groups need to understand competition advocacy. Skills in both economics and law are required. Laws that suit large well-developed countries may not suit smaller or less-developed countries. The two series editors are well-known internationally in the area of competition law, and I am sure that they will attract excellent authors for the different volumes of the series. This new series of books will fill a gap and is warmly welcome."—Valentine Korah, University College London"With the growth in the number of competition agencies worldwide, there is an increasing opportunity to apply sophisticated economic reasoning to shape competition policy and make it work for the long-run interests of society. A series in global competition policy is a welcome development that should accelerate the dissemination of knowledge in this important area of policy."—Dennis Carlton, University of Chicago Booth School of Business

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Book SynopsisCompetition and the State analyzes the role of the state across a number of dimensions as it relates to competition law and policy across a number of dimensions. This book re-conceptualizes the interaction between competition law and government activities in light of the profound transformation of the conception of state action in recent years by looking to the challenges of privatization, new public management, and public-private partnerships. It then asks whether there is a substantive legal framework that might be put in place to address competition issues as they relate to the role of the state. Various chapters also provide case studies of national experiences. The volume also examines one of the most highly controversial policy issues within the competition and regulatory spherethe role of competition law and policy in the financial sector. This book, the third in the Global Competition Law and Economics series, provides a number of viewpoints of what compTrade Review"The emphasis of this edited volume is on specific laws and judicial decisions regarding antitrust issues . . . Various chapters provide case studies of national experiences, which are useful. In addition, the volume examines one of the most highly controversial policy issues within the competition and regulatory sphere—the role of competition law in the financial sector . . . Recommended."—J. A. Stevano, CHOICE

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Book SynopsisThis unique book provides a comprehensive account of the patent misuse doctrine and its relationship with antitrust law. In addition to in-depth doctrinal and policy perspectives, it looks at patent misuse through the eyes of today’s leading practitioners, judges, government officials and academics.Trade ReviewThis is a long overdue book on the evolution of the US doctrine of patent misuse and its relationship with antitrust law. --Steven Anderman, Queen Mary Journal of Intellectual PropertyPatent Misuse and Antitrust Law in an excellent analysis of an understudied area of law bound to become increasingly important as watershed controversies and reforms continue to buffet patent law. --Shannon L. Malcolm, Law Library JournalOne of the most detailed and insightful analyses of the important, but maddeningly vague, doctrine of patent misuse and its relationship to antitrust law… Professor Lim tackles this complicated topic in an innovative and effective way. In addition to thoughtful legal, economic, and policy analysis, he uses a comprehensive empirical survey and coding of all patent misuse cases through the end of 2012 and substantial qualitative empirical research through interviews with practitioners and judges about the perceived, and actual, metes and bounds of this slippery doctrine. He thus throws valuable light on the state of the conventional wisdom as well as when and how actual practice and case law departs from that conventional wisdom --Spencer Weber Waller, World Competition Law and Economics ReviewTable of ContentsContents: Foreword by William E. Kovacic Preface Prologue Introduction 1. Misuse and Antitrust 2. A Brief History of Patent Misuse 3. The Anatomy of a Defense 4. Key Objections 5. Rethinking the Future of Patent Misuse 6. The Empirical Landscape of Misuse 7. Charting the Scope of Patent Misuse 8. Conclusion Index

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Book SynopsisAdam Smith warned of the prevalence of corporate conspiracies more than two hundred years ago. Since then, interest in cartels has sometimes intensified (during the Great Depression, for example) and sometimes diminished, but the need for control has always remained on the antitrust agenda.Trade Review'Mike Utton's timely new book provides an excellent overview of issues arising from cartels and collusion between firms and shows how this remains an important policy concern in the world today. The book covers areas such as the economics of collusion, the case for collaboration and the persistence of cartels over time. It then moves on to policy development and discusses current policy both in the US and EU. Individual cases are reviewed and the important development of leniency policy is discussed as a key feature in policy today. Overall this is a very useful addition to the literature and will be particularly of use to both students and other researchers working in this field.' --Roger Clarke, Cardiff University, UKTable of ContentsContents: Preface 1. The Economics of Collusion 2. The Case for Collaboration 3. The Persistence of Cartels 4. The Effects of Cartels: Markups and Welfare Losses 5. The Evolution of Cartel Policy 6. Penalties for Antitrust Offences 7. Carrots Rather than Sticks: Leniency Programmes in the US and the EU 8. Conclusion References Index

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Book SynopsisIn this provocative book Calixto SalomÃo Filho builds a strong case for why economic power cannot be considered a mere market phenomenon. Taking the forgotten realities and effects of these power structures into account, this comprehensive legal analysis persuasively argues the need for a new theory.Table of ContentsContents: Preface 1. A Neo-Structural Legal Perspective to Economic Power Analysis 2. Economic Power Structures: Creation and Existence 3. Power Structures: Dynamics and Behavior 4. Conclusion: From a General Theory of Economic Power to a General Theory of Law? Bibliography Index

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Book SynopsisConsidering the arguments from the perspectives of innovation, competition law and patent law, this book explores the difficult question of balancing protection with access, highlighting the difficulties in harmonization and coordination.Trade Review'In sum, the book is well written, interesting and very topical. It is written by very knowledgeable lawyers, which is reflected in the high quality of the articles. . . I recommend this book, not only for academics but for practicing lawyers as well. Many of the contributions contain valuable ''take home messages'', which should be taken into account in the discussions.' --Marcus Norrgard, International Review of Intellectual Property and Competition Law'This is an intriguing selection of topical essays addressing fundamental questions of pharmaceutical innovation. It is comprised of a high-profile list of contributors, including academics, judges and practitioners from the U.S., Europe and Japan, who ''explore to what extent patent strategies and life-cycle management practices take advantage of patent laws and health-care regulation and disrupt the necessary balance between incentives for innovation and access to affordable medicines and health care''. . . This is an enjoyable, readable and interesting book containing thorough studies of ''hot'' legal issues in the pharma sector converging in an decisive era for pharmaceutical innovation. It ought to be found in any library that has reserved space for pharma-, IP- or competition law-related literature.' --Jur. Dr. Timo Minssen, European Competition Law Review Table of ContentsContents: Introduction Nari Lee and Josef Drexl PART I: PATENT PROTECTION FOR PHARMACEUTICAL METHODS 1. The Patentability of Genetic Diagnostics in US Law and Policy Rochelle C. Dreyfuss 2. Patentability of Pharmaceutical Innovations: The European Perspective Rainer Moufang 3. Patentability of Medical Methods in Japan Nari Lee PART II: DATA EXCLUSIVITY AND PATENT TERM EXTENSION: CONVERGENCE OR DIVERGENCE 4. Patent Term Restoration and Non-Patent Exclusivity in the US Margo A. Bagley 5. Clinical Data, Data Exclusivity and Private Investment Protection in Europe Christian R. Fackelmann 6. Patent Term Extension in Japan: An Academic and Comparative Perspective Ryoko Iseki 7. Recent UK Case Law on Supplementary Protection Certificates Richard Arnold 8. Patent Term Extension in Japan: Focusing on the Pacif Capsule Decision Toshiaki Imura PART III: BALANCING INCENTIVES AND COMPETITION IN EUROPE 9. Strategic Patenting by the Pharmaceutical Industry: Towards a Concept of Abusive Practices of Protection Hanns Ullrich 10. Anticompetitive Marketing in the Context of Pharmaceutical Switching in Europe Bengt Domeij 11. AstraZeneca and the EU Sector Inquiry: When Do Patent Filings Violate Competition Law? Josef Drexl Index

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Book SynopsisDealing with rights and developments at the margin of classic intellectual property, this fascinating book explores emerging types of regulations and how existing IP regimes inform and influence the judicial and legislative creation of âœsubstituteâ IP rights.Table of ContentsContents: Introduction: Intellectual Property, Unfairness and Speech – Convergences and Developments Annette Kur, Nari Lee, Ansgar Ohly and Guido Westkamp PART I: CONDUCT AND UNFAIRNESS: MAPPING METHODOGICAL BOUNDARIES 1. What to Protect, and How? Unfair Competition, Intellectual Property, or Protection Sui Generis Annette Kur 2. Interfaces between Trade Mark Protection and Unfair Competition Law – Confusion About Confusion and Misconceptions about Misappropriation? Ansgar Ohly 3. Personality Rights, Unfair Competition and Extended Causes of Action Guido Westkamp PART II: CONVERGENCES I: PERSONA, PUBLICITY AND MARKET CONTROL RIGHTS IN COMPARISON 4. Personality Endorsement and Character Merchandising: A Sparkle of Unfair Competition in English Law Spyros Maniatis 5. Rights of Publicity in the United States From Edison to Elvis to Paris (and Every 15 Minutes in Between) Gary Rinkerman 6. Celebrities, Advertisement and Commercial Exploitation ‘Publicity Rights’ in German Law Kerstin Schmitt PART III: CONVERGENCES II: INVESTMENT IN COMPETITION 7. Ambush Marketing: Examining the Development of an Event Organizer Right of Association Seth Ericsson 8. Commercialising Privacy and Privatising the Commercial: The Difficulties Arising from the Protection of Privacy via Breach of Confidence Tanya Aplin 9. Protection of the First Mover Advantage – Regulation Against Imitation of the Product Configuration in Japan Yoshiyuki Tamura 10. The Use of Trade Marks in Keyword Advertising: Developments in CJEU and National Jurisprudence Nicole van der Laan PART IV: INVESTMENT PROTECTION AND THE PUBLIC INTEREST: COMPETITION AND (COMMERCIAL) SPEECH 11. The United Kingdom’s Public Interest ‘Defence’ and European Union Copyright Law Jonathan Griffiths 12. Public Domain at the Interface of Trade Mark and Unfair Competition Law – The Case of Referential Use of Trade Marks Nari Lee 13. Image Rights in Civil Law Systems: Four Questions and Three Systems Antoon Quaedvlieg Index

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Book SynopsisThe Research Handbook on International Competition Law brings together leading academics, practitioners and competition officials to discuss the most recent developments in international competition law and policy.Trade Review‘. . . within this collection of essays there are some real gems. . . the volume provides a wide-ranging assessment of many issues raised by the movement towards such a globalised approach.’ -- Niamh Dunne, Cambridge Law Review‘Some 30 leading scholars, academics and practitioners have contributed 22 formidably thoughtful and readable articles to this scholarly and topical book on competition law. . . this book should be of abiding interest to competition lawyers everywhere as well as scholars, academics and competition officials and policymakers in trading nations. The subject matter is international and so is the book’s utility and appeal.’ -- Phillip Taylor MBE and Elizabeth Taylor, The Barrister MagazineTable of ContentsContents: Preface PART I: INTRODUCTION 1. Setting the Scene: The Scope and Limits of ‘International Competition Law’ Ariel Ezrachi PART II: FROM UNILATERAL ENFORCEMENT TO COOPERATION NETWORKS 2. Competition Law and Extraterritoriality Florian Wagner-von Papp 3. Competition Agency Networks Around the World Imelda Maher and Anestis Papadopoulos 4. Building Global Antitrust Standards: The ICN’s Practicable Approach Hugh M. Hollman, William E. Kovacic and Andrew S. Robertson 5. ‘Jaw-jaw’ not ‘Law-law’ – from Treaties to Meetings: The Increasing Informality and Effectiveness of International Cooperation Philip Marsden 6. The Role of NGOs in Competition Law Enforcement Pradeep S. Mehta, Udai S. Mehta and Cornelius Dube 7. Greater International Convergence and the Behavioural Antitrust Gambit Maurice E. Stucke PART III: ENFORCEMENT CHALLENGES WORLDWIDE 8. Paths to Competition Advocacy Allan Fels and Wendy Ng 9. Competition Law and Developing Economies: Between ‘Informed Divergence’ and International Convergence Kathryn McMahon 10. Private and Public Enforcement: Complements, Substitutes and Conflicts – A Global Perspective Donald I. Baker 11. Criminal Sanctions for Cartels – the Jury is Still Out Caron Beaton-Wells 12. Cartels, Extradition and Concurrent Criminal Prosecution Michael O’Kane PART IV: COMPARATIVE REVIEW OF LAWS AND PROCEDURES 13. Merger Control: Key International Norms and Differences D. Daniel Sokol and William Blumenthal 14. Unilateral Conduct: The Search for Global Standards Giorgio Monti 15. Market Power – the Root of All Evil? A Comparative Analysis of the Concepts of Market Power, Dominance and Monopolisation Hedvig Schmidt 16. Drawing the Boundary between Joint and Unilateral Conduct: Parent–Subsidiary Relationships and Joint Ventures Alison Jones 17. Resale Price Maintenance in Comparative Perspective Ulf Bernitz 18. Innovation, IPRs and EU Competition Law: Cross Currents in the EU/US Debate Steven Anderman 19. Recent US FTC Antitrust–IP Interface Developments Alden F. Abbott and Dina Kallay 20. The Patent–Competition Interface in Asia: A Regional Approach? Thomas K. Cheng 21. Competition Law and Enforcement in the Pharmaceutical Industry Michael A. Carrier 22. The Consumer and Competition Policy: Welfare, Interest and Engagement Phil Evans Index

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Book SynopsisThis well-documented book comprises a stellar cast of European and American authors delivering an overview of cutting edge issues in the areas of trade and competition law, arising in the EU and beyond.Trade Review‘Trade and Competition Law in the EU and Beyond is a remarkable collection of scholarly contributions of relevance to academics, practitioners and officials interested not only in rules governing international trade and competition, but also in international economic law in general. The authorship is diversified, representing views of commentators from many countries, and the focus of individual contributions is not only on law de lege lata but also de lege ferenda greatly adding to the volume’s value and its input in the ongoing academic discourse.’ -- Marek Martyniszyn, International Trade Law and RegulationTable of ContentsContents: Preface Inge Govaere, Marco Bronckers and Reinhard Quick Foreword Paul Demaret Foreword Koen Lenaerts Foreword Carl Baudenbacher PART I: TRADE AND COMPETITION 1. Competition and Trade Policy and the Challenge of Globalisation Jacques Steenbergen 2. Towards a WTO Business-Enabling Compact Stefan D. Amarasinha and Simon J. Evenett PART II: TRADE Rules and Rulemaking 3. Challenges in International Monetary Law Thomas Cottier and Tetyana Payosova 4. From Reluctant Participant to Key Player: EU and the Negotiation of the GATS Juan A. Marchetti and Petros C. Mavroidis 5. Article IV of the GATT: An Obsolete Provision or Still a Basis for Cultural Policy? Lothar Ehring 6. The Debate Continues: Are Border Adjustments of Emission Trading Schemes a Means to Protect the Climate or are they ‘Naked’ Protectionism? Reinhard Quick 7. EU Common Commercial Policy Throwing Off the Shackles of ‘Mixity’ Inge Govaere 8. The Negotiations of a New Anti Dumping Agreement (ADA) in the DDA – Some Observations Hannes Welge 9. The EU and Free Trade: Can We Still Afford It? Gérard Depayre Interpretation and Dispute Settlement 10. Modern Approaches to Treaty Interpretation John H. Jackson 11. WTO Dispute Settlement: Promise Fulfilled? William J. Davey 12. Consolidation of WTO Dispute Settlement Proceedings before Panels and the Appellate Body Raimund Raith 13. Can the EU’s Disregard for ‘Strict Observance of International Law’ (Article 3 TEU) be Constitutionally Justified? Ernst-Ulrich Petersmann 14. The Effect of WTO Dispute Decisions in EU Law – Autonomy or Autarky? Piet Eeckhout 15. The Domestic Law Effect of the WTO in the EU – A Dialogue with Jacques Bourgeois Marco Bronckers 16. The Court of Justice and Unrecognized Entities under International Law Pieter Jan Kuijper 17. The Brita Ruling of the European Court of Justice: A Few Comments Marc Maresceau 18. The Standing Requirements for Bringing a Direct Action before the General Court in the Field of Trade Defence and Customs Following the Entry into Force of the TFEU Philippe De Baere PART III: COMPETITION Agreements 19. Vertical Restraints and Online Sales in the Era of Modernization: Is the New Regime ‘Modern’ Enough? Massimo Merola and Leonardo Armati 20. Parallel Trade: Econ-oclast Thoughts on a Dogma of EU Competition Law Nicolas Petit Abuses and Mergers 21. How to Treat Aftermarkets under Article 102 TFEU Hendrik Bourgeois 22. The British Airways Judgment – What are the ‘Underlying Factors’ in Exclusionary Abuses? John Temple Lang 23. Magill Revisited Ian S. Forrester 24. Refusal to Supply and Margin Squeeze: A Discussion of Why the ‘Telefonica Exceptions’ are Wrong Damien Geradin 25. Making Sense of the Reactions to the 2010 US Horizontal Merger Guidelines Barry E. Hawk and James A. Keyte State Aid 26. From Trade to Tutelage: State Aid and Public Choice in the European Union William Bishop Enforcement and Litigation 27. Public and Private Enforcement of Competition Law José Rivas 28. When the Judge Prosecutes, Power Prevails Over Law Catherine Smits and Denis Waelbroeck 29. Shaping or Administrating the Law? Reflections on the European Courts’ Decision-making Practice in the Field of Competition Law Frank Montag Index

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Book SynopsisThis outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law.Trade Review‘While the book will probably have its greatest appeal to scholars in the field, practitioners should not neglect it, as it offers a concise compilation of fundamental issues in competition law that frequently draws from concrete cases. It is true that the book delivers few definite answers but rather raises new questions, as acknowledged by the editors in their foreword. However, this will only add to the substance of the discussion and should not be regarded as a shortcoming. The book’s biggest strength may thus well be the fact that it constantly encourages the reader to challenge conventional thinking. Moreover, it rightly calls for a distinction between the use of economic insight to inform competition policy and improve the accuracy and effectiveness of its abstract rules on the one hand, and the use of in-depth quantitative economic analyses in individual cases on the other hand.’ -- Hendrik Auf’mkolk, Competition and Regulation in Network IndustriesTable of ContentsContents: Introduction Rupprecht Podszun PART I: THE GOALS OF COMPETITION POLICY 1. Consumer Welfare and Competition Policy Gregory J. Werden 2. Consumer Welfare, Total Welfare and Economic Freedom – On the Normative Foundations of Competition Policy Viktor J. Vanberg 3. Consumer Welfare, Economic Freedom and the Moral Quality of Competition Law – Comments on Gregory Werden and Victor Vanberg Daniel Zimmer PART II: MERITS AND CHALLENGES OF MODERN INDUSTRIAL ECONOMICS 4. Current Issues in Antitrust Analysis Daniel L. Rubinfeld 5. Using Economics for Identifying Anticompetitive Unilateral Practices Michele Polo 6. Modern Industrial Economics: Open Problems and Possible Limits Oliver Budzinski 7. Modern Industrial Economics Revisited – Comments on Daniel Rubinfeld, Michele Polo and Oliver Budzinski Laurence Idot PART III: COMPETITION POLICY AND EVOLUTIONARY AND INNOVATION ECONOMICS 8. Industrial Dynamics and Evolution – The Role of Innovation, Competences and Learning Uwe Cantner 9. Competition, Innovation and Maintaining Diversity through Competition Law Wolfgang Kerber 10. The Impact of Innovation – Comments on Uwe Cantner and Wolfgang Kerber Andreas Heinemann PART IV: COMPETITION POLICY AND BEHAVIOURAL AND EXPERIMENTAL ECONOMICS 11. Bounded Rationality and Competition Policy Justus Haucap 12. Using Experimental Economics to Understand Competition Bart J. Wilson 13. Competition as a Socially Desirable Dilemma – Theory v. Experimental Evidence Christoph Engel 14. Introducing More Features of Real Life into the Economists’ World of Theoretical Models – Comments on Justus Haucap, Bart Wilson and Christoph Engel Andreas Fuchs PART V: THE POLITICAL ECONOMY OF COMPETITION POLICY 15. Normative and Institutional Limitations to a More Economic Approach Dirk Schroeder 16. Competition Agencies, Independence, and the Political Process William E. Kovacic 17. On the (a)political Character of the Economic Approach to Competition Law Josef Drexl Index

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Book SynopsisMarket Building through Antitrust investigates the role of antitrust policy in the building of competitive energy markets in Europe. In particular, antitrust law has increasingly been used as a quasi-ex ante regulatory tool, thereby raising problems in terms of economic efficiency, legal certainty and political legitimacy.Trade Review‘Antitrust is a sledgehammer to the creation of European-wide markets. How does it really work though? Take the case of power contracting. Look at the smart and fresh view from a promising scholar: Adrien de Hauteclocque. A must read.’ -- Jean-Michel Glachant, European University Institute, Italy‘Long-term energy contracts pose one of the greatest challenges for EU competition law. Focusing on electricity markets and contracts, this book provides interesting new approaches and guidance in this area of EU law. The book also examines a wider and even more difficult issue: what role can competition law have in creating markets. The book delivers. It is a remarkably lucid account of difficult issues. A must-have book for practitioners and policy makers alike.’ -- Kim Talus, University of Eastern FinlandTable of ContentsContents: Foreword General Introduction 1. The Problem of Long-term Contracts in Decentralized Electricity Markets: An Economic Perspective 2. Vertical De-integration and Single Market Integration in the European Union: An Incomplete Transition 3. The Antitrust Strategy of the European Commission on Long-term Contracts: Is the New Methodology truly ‘More Economic’? 4. Long-term Contracts Across Member States: The Problem of Priority Access Rights to Interconnectors 5. The Strategy of the European Union for the Development of Interconnectors: Assessing the Role of Merchant Transmission Investment with Vincent Rious Bibliography Index

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Book SynopsisThis book focuses on the problems faced by newly-established competition authorities, and on shaping policies and building institutions in those jurisdictions. In particular four key issues encountered by new competition jurisdictions are considered, namely: the challenges and obstacles to adopting competition laws;Trade ReviewThe most thoughtful collection available of insights into the challenges facing new competition jurisdictions. Whish and Townley have brought together experts on approaches global, comparative and local, combined with fresh inter-disciplinary insights. By combining law, economics and political economy, what emerges are pointed commentaries, and a rich source of principles and pragmatism. This book will guide the creators and enforcers of new competition law regimes. - Philip Marsden, Director, British Institute of International and Comparative Law, and OFT Board Member This is a wonderful volume filled with good ideas. It evolves from the Sixth Conference of ASCOLA, the world association of competition law professors, which asked a group of young scholars how new competition law systems can be made more effective, and challenged the conference participants to interrogate the ideas. The resulting book is an admirable collection of insightful papers and commentary. For all who are interested in advancing younger competition law systems and their supporting academic communities, this volume must be read. --- Eleanor Fox, New York University School of Law, USTable of ContentsContents: Introduction Christopher Townley and Richard Whish 1. HSR at 35: The Early US Premerger Notification Experience and its Meaning for New Systems of Competition Law William E. Kovacic PART I: CHALLENGES AND OBSTACLES TO ADOPTING COMPETITION LAWS David Lewis (Chair) 2. Designing Competition Laws in New Jurisdictions: Three Models to Follow Heba Shahein 3. The Political Economy of Competition Law Reform in New Jurisdictions Michelle Chowdhury 4. The Dynamics of Competition Policies in Small Developing Economies: The Central American Countries’ Experience Claudia Schatan Commentary on Part One Chapters Ulla Schwager PART II: INSTITUTIONAL CHALLENGES AND CHOICES: DETERRENCE Michal S. Gal (Chair) 5. Increasing Deterrence in Latin American Competition Law Enforcement Regimes Javier Tapia 6. Deterrence and Compensation in New Competition Regimes: The Role of Private Enforcement Clifford A. Jones 7. Enforcement Priorities for New Agencies: Lessons from South Africa on the Deterrence of Cartel Conduct Keith Weeks Commentary on Part Two Chapters John Davies PART III: THE GLOBAL PERSPECTIVE David J. Gerber (Chair) 8. Does Implementation of Merger Regulation Impede Inbound Cross-border Mergers? Analysis of Developed versus Developing Countries Manish Agarwal 9. The Impact of Multi-Jurisdictional Concentrations on the New Competition Law Jurisdictions: A Case Study on Brazil Marco Botta PART IV: TEACHING AND RESEARCHING COMPETITION LAW AND ECONOMICS IN NEW COMPETITION JURISDICTIONS Christopher Townley, Heba Shahein and Richard Whish Index

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Book SynopsisTrade Review'A real masterpiece, brilliantly pressing for a change that is necessary and feasible.' -- Lawrence Lessig, Harvard Law School, US‘As our world becomes increasing digital, both law and code become central to management of rights and access to justice. The two modes of management are often seen as being in conflict, but increasingly far-sighted scholars like Prof. Schrepel are seeing that there are opportunities for synergy. This book is a clear step forward in building a system of digital law that works, and a must-read for those concerned about our digital future.’ -- ­– Alex ‘Sandy’ Pentland, Massachusetts Institute of Technology, US‘From Code of Hammurabi (1754 BC) to the Internet of Things and Artificial Intelligence this book links a deep understanding of law and technology, Blockchain and Antitrust. It offers a highly appreciated contribution to the Blockchain debate and practical use cases, which are very much needed in often theoretical discussions.’ -- Theodor Thanner, President of the Austrian Federal Competition Authority, Austria‘Grounded in Schrepel's solid understanding of the law and technology debate, this book offers a unique framework and important guide for thinking through the many ways in which Antitrust law and Blockchain technologies can be complementary and create efficiencies from collaboration.’ -- Roland Vogl, CodeX - The Stanford Center for Legal Informatics, US‘Packed with stimulating suggestions and insights, this is the first book exploring the role of competition law in regulating blockchain. Thibault Schrepel skillfully blends an accessible examination of the technology at play with a discussion about how competition law should be applied to both control and support its development.’ -- Giorgio Monti, Tilburg University, the Netherlands‘Traditional financial payment systems run by banks or by tech companies such as PayPal have natural network effects, and are held to be open to some degree of monopoly. Blockchain systems, because they are highly distributed and transparent, are often said to be free of such tendencies. Thibault Schrepel argues this isn’t true: blockchains may foster anticompetitive practices in many ways. As our economic world moves increasingly into cryptocurrencies and blockchain transactions, Schrepel’s analysis and suggested remedies are both timely and important.’ -- W. Brian Arthur, Santa Fe Institute, US‘Data and Antitrust have become a hot button issue. However, as of yet there is little legal scholarly writing on the topic of how blockchain with its promise of data integrity will change this debate. This book tries to do precisely that, and is an incredibly useful read for any legal scholar interested in the digital space.’ -- Catherine Tucker, Massachusetts Institute of Technology, US‘Thibault Schrepel’s Blockchain + Antitrust: the Decentralization Formula, is an eminently readable and satisfying examination of the history, technology, and incipient law of Blockchain – from its historical roots in a libertarian search for order, to its complex and often misunderstood internal workings, and finally to the abundant legal concerns that might loom in the future. This book is particularly helpful for someone who needs to be guided through Blockchain’s most important technical and operational elements.’ -- Herbert Hovenkamp, University of Pennsylvania Law School and the Wharton School, US‘By reducing transaction costs and facilitating trust among parties to transactions, blockchains reduce the need for centralized legal structures in economic activity. They also make transactions less transparent to regulators and can be used to harbor anticompetitive practices. Hence they contribute to deconcentrating economic structures and, simultaneously, raise challenges for competition law enforcement. However, competition authorities can also benefit from the blockchain technology in their enforcement activity. Thibault Schrepel in this path-breaking book explores the evolving complex relationship between blockchain and antitrust and the ways they can benefit from one another. This forward-looking and fascinating analysis is a must read for anyone interested in one of the most important technological development of our time.’ -- Frederic Jenny, OECD Competition Committee, France‘More than any other field of business law, antitrust has much in common with emerging blockchain technologies. Dr. Schrepel has been at the forefront of research in the relationship between these two fields. His hopeful approach, as discussed in this book, towards a mutually beneficial relationship between antitrust law amd blockchain technology will help ensure maximal realization of the efficiency-enhancing promise of blockchain – namely, lowering the costs of networking and increasing transparency. Moreover, this book does an excellent job of discussing both the procompetitive (favored by the antitrust laws) attributes of blockchain and its ability to facilitate anticompetitive harm (outlawed by the antitrust laws), and showing how the law and the emerging technology can live in harmony to the benefit of consumers. I was proud, as head of the DOJ Antitrust Division, to have the Division join Dr. Schrepel’s academic project on this topic and look forward to his continued contributions to this important emerging field.’ -- Makan Delrahim, Department of Justice Antitrust Division, US‘This book is the first of its kind. Schrepel’s work will no doubt appeal to antitrusters looking for a didactic introduction to the blockchain. It will also be of more general interest to any reader with a concern for the future of law and public policy in a technology-driven world. A must-read.’ -- Nicolas Petit, European University Institute, Italy‘Blockchain technology has been offered as a solution to any number of problems, and sometimes – to its detriment – as a panacea. Here, Schrepel follows the thread of decentralization to explore this technology alongside the goals of antitrust law. It's a worthy provocation, even as blockchains’ value, and future, are hotly contested.’ -- Jonathan Zittrain, Harvard University, USTable of ContentsContents: Preface Introduction: the decentralization PART 1 A COMMON AMBITION 1. Blockchain: from ideology to implementation 2. Blockchain’s toolbox 3. Blockchain and Darwin 4. Decentralization? 5. Comes antitrust: the paradox PART 2 BEST FRENEMIES? 6. The theory of the firm 7. The theory of granularity 8. Collusion on blockchain 9. Collusion using blockchain 10. Blockchain power 11. Blockchain and monopolization 12. Blockchain and merger control PART 3 ALLIES 13. Law + technology 14. Running the formula 15. Blockchain’s future Index

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Book SynopsisThis is a very timely book which provides an unprecedented analysis of the factors which have shaped the competition law systems of ten Asian countries and Australia. The comprehensive discussion from varying viewpoints against the backdrop of the significantly different environments within which the respective regimes have developed creates a framework for the comparative assessment of competition law systems elsewhere in the world.'- Lutz-Christian Wolff, The Chinese University of Hong KongThis detailed book describes and analyses the essential political economy features that provide the backdrop to the competition policies and competition law regimes of several of the most important Asian economies.The book also discusses the impact of these political economy influences in determining whether the adopted competition policy is effective. Each of the authors - experts in their respective countries - offer specific insights into the nature and structure of their competition regimes and discuss to what extent the varied political economy factors unique to that country help to determine whether and to what extent the established system promotes or hinders economic competition in that jurisdiction.Comprising wide coverage of Asian jurisdictions, including Australia, this book will strongly appeal to students and academics of law, politics, economics and economic development, policy makers in national governments, international agencies and competition authorities, as well as practicing competition lawyers and in-house counsel.Contributors: M.F. Cheong, A. Fels, D. Fruitman, D. Healey, R.A.S. Jalit, J. Lee, Y.H. Lee, R.I. McEwin, P.S. Mehta, N.N. Sirait, T. Takigawa, S. Thanitcul, M. WilliamsTrade ReviewNew competition laws have been adopted throughout Asia in recent years, and some of the older laws have been significantly strengthened. This makes Asia a fascinating region in which to look at the political and economic circumstances of the countries in which such laws are to be found, and to consider the very different conditions that exist within them. This book will be an invaluable guide to anyone with an interest in the developing competition law regimes of this immensely important part of the world. --Richard Whish, King's College London, UKAs with every good academic book, this one will serve as the starting point of many more research projects to come. --Rupprecht Podszun, International Review of Intellectual Property and Competition LawTable of ContentsContents: 1. Introduction Mark Williams 2. Japan Toshiaki Takigawa 3. Korea Jaemin Lee 4. China Mark Williams 5. Vietnam David Fruitman 6. The Philippines Mark Williams and Ruby Ann S. Jalit 7. Malaysia and Singapore May Fong Cheong and Yin Harn Lee 8. Thailand R. Ian McEwin and Sakda Thanitcul 9. Indonesia Ningrum Natasya Sirait 10. India Pradeep S. Mehta 11. Australia Deborah Healey 12. Australia – A Regulator’s Perspective Allan Fels 13. Conclusion Mark Williams Index

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Book SynopsisThis book presents a detailed study of the interface between regional integration and competition policies of selected regional trade agreements (RTAs), and the potential of regional competition laws to help developing countries achieve their development goals. The book provides insights on the regional integration experiences in developing countries, their potential for development and the role of competition law and policy in the process. Moreover, the book emphasizes the development dimension both of regional competition policies and of competition law. This timely book delivers concrete proposals that will help to unleash the potential of regional integration and regional competition policies, and also help developing countries to fully enjoy the benefits deriving from a regional market. Bringing together analysis from well-known scholars in the developed world with practical insight from scholars in countries hoping to exploit the potential of competition law, this book will appeal to academics working in the field of competition law, practitioners, policymakers and officials from developing countries, as well as those in development organizations such as UNCTAD. Contributors: A. Amunategui Abad, M. Bakhoum, D.S. Beckford, J. Cortazar, J. Drexl, E.M. Fox, M.S. Gal, D.J. Gerber, G.K. Lipimile, G. Mamhare, J. Molestina, K. Moodaliyar, M. Ngom, T. Stewart, L. Thanadsillapakul, I.F. WassmerTrade ReviewThis book is very interesting and provides a valuable contribution to the scholarship on competition law in developing countries. Policymakers and lawyers involved in these fields will gain perspective about the benefits and problems related to the experiences presented in this work. --Andrés Palacios Lleras, World CompetitionThis wonderful volume offers a timely and important look at competition policy where it is changing the most - developing countries pursuing regional agreements. It provides superb analytical discussions of the impact of regional competition policy integration, why developing states have pursued this strategy, and the extent to which it is meeting their needs. The editors have assembled a superb roster of experts, so it is not a surprise that the book recommendations are insightful, and deserving of attention from policy makers. --Andrew Guzman, Berkeley Law SchoolThis book makes it perfectly clear that a pro-competitive environment is an important condition for further progress on the road to development. The potential for improvement is even larger if the competitive framework is not reserved to the national level but extends to the regional dimension. The task is complex, and errors cannot be excluded. This highly recommendable book shows how to avoid them. --Andreas Heinemann, International Review of Intellectual Property and Competition LawTable of ContentsContents: Introduction Mor Bakhoum PART I: PROMISES AND CHALLENGES IN IMPLEMENTING REGIONAL COMPETITION POLICY REGIMES 1. The Harmonization of ASEAN: Competition Laws and Policy from an Economic Integration Perspective Lawan Thanadsillapakul 2. Competition Law and Policy in the Framework of ASEAN Anthony Amunategui Abad 3. Southern African Development Community (SADC) Regional Competition Policy Gladmore Mamhare 4. Competition Policy in SADC: A South African Perspective Kasturi Moodaliyar PART II: INSTITUTIONAL COHERENCE, REGIONAL INTEGRATION AND COMPETITION POLICY 5. Institutional Coherence and Effectiveness of a Regional Competition Policy: The Case of the West African Economic and Monetary Union (WAEMU) Mor Bakhoum and Julia Molestina 6. Regional Integration and Competition Policy in the Economic Community of West African States (ECOWAS) Region Mbissane Ngom 7. Andean Competition Law: Looking for the Private Sector, or the Quest for the Missing Link in Antitrust Javier Cortázar PART III: ECONOMIC STRUCTURE, REGIONAL INTEGRATION AND COMPETITION LAW ENFORCEMENT 8. Regional Integration in the Caribbean: The Role of Competition Policy Taimoon Stewart 9. Implementing Effective Competition Policy through Regional Trade Agreements: The Case of CARICOM Delroy S. Beckford 10. The COMESA Regional Competition Regulations George K. Lipimile PART IV: THE DEVELOPMENT DIMENSION OF REGIONAL INTEGRATION AND COMPETITION POLICY 11. Economic Integration and Competition Law in Developing Countries Josef Drexl 12. Regionalization, Development and Competition Law: Exploring the Political Dimension David J. Gerber 13. Competition, Development and Regional Integration: In Search of a Competition Law Fit for Developing Countries Eleanor M. Fox 14. Regional Agreements of Developing Jurisdictions: Unleashing the Potential Michal S. Gal and Inbal Faibish Wassmer Index

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Book SynopsisWith the international community on the brink of an explosion of private remedies for violation of national competition laws, this timely Handbook provides state-of the-art analysis of the private enforcement of competition laws across the globe. Private enforcement of antitrust is becoming a significant component of competition policy laws worldwide; today, more than a hundred jurisdictions have adopted market regimes operating within a framework of competition law, providing a varied base for developing ways by which persons injured by anticompetitive conduct will (or will not) be able to obtain remedies. Written primarily from the perspective of the complainant, the Handbook contributes to the discussion by presenting empirical research on private remedies through unprecedented, detailed and systematic analysis of private antitrust enforcement in the US. The expert contributors - law practitioners in the US and 21 other countries - explain both the law and the realities regarding private remedies as they have experienced them. They provide useful information to law and policy makers contemplating the introduction or expansion of private enforcement and to competition advocacy NGOs, attorneys and others who may wish to support or utilize the tools of private enforcement. By way of conclusion, valuable observations are imparted and recommendations prescribed. This important Handbook will prove an invaluable reference tool for a wide-ranging audience including: international private practice lawyers, law academics and students with a special interest in competition policy, international government officials involved in legislation or regulation of private remedies in countries with competition laws, and economists consulting in competition cases.Trade Review‘. . . this book is a great achievement, and its contribution to the field cannot be negated. Practitioners, academics and students with a specific interest in this topic alike will easily zero-in on the jurisdiction of interest and extract not only theoretical, academic information on antitrust law and enforcement, which this book does not shy from, but also and mostly practical information on antitrust litigation practice in individual jurisdictions. This alone sets this contribution apart from the numerous books on competition law enforcement and private enforcement available these days which, with all their specific qualities, rarely offer such a practical insight in antitrust enforcement, especially on such a large scale.’ -- Jocelyn G. Delatre, European Competition Law Review‘The International Handbook on Private Enforcement of Competition Law effectively does “what is says on the tin”. . . It is an excellent and important piece of comparative work in this field.’ -- Barry J. Rodger, Competition Law Review‘The American Antitrust Institute has supervised the preparation of this impressive volume analysing the experience of private antitrust enforcement in the United States and surveying the growing importance of private enforcement around the world. . . Each chapter is succinct and an excellent introduction to private rights of action under the key national competition laws. . . The Handbook is a welcome guide to the current state of the current literature on private rights of actions and remedies and provides the raw material and analysis for improvement.’World Competition‘This Handbook on private enforcement of competition law is both conceptual and enormously practical. It explains by facts and figures why private enforcement is necessary, and it explores cultural and contextual differences that may suggest different designs. The Handbook provides a thorough anatomy of US private actions, following which experts from 19 other jurisdictions explain the contours and practicalities of bringing, litigating and settling private actions in their jurisdictions. The Handbook promises to make an enormous contribution to antitrust law and policy around the world.’ -- Eleanor Fox, New York University, School of Law, USTable of ContentsContents: Preface PART I: INTRODUCTION 1. Benefits of Private Enforcement: Empirical Background Robert H. Lande 2. The Impact of International Cartels John M. Connor 3. Differing Traditions Jonathan W. Cuneo PART II: EXPERIENCING PRIVATE ENFORCEMENT IN THE US 4. Defining Antitrust Violations in the US Bonny E. Sweeney 5. Pre-claim Activities Craig Corbitt, Judith Zahid and Patrick Clayton 6. Parties Entitled to Pursue a Claim Eric L. Cramer and Daniel C. Simons 7. Initiation of a Private Claim Michael D. Hausfeld 8. Aggregation of Claims J. Douglas Richards 9. Procedural Defenses Short of Trial Jonathan L. Rubin 10. Obtaining Evidence Joseph Goldberg and Dan Gustafson 11. Plaintiffs’ Remedies W. Joseph Bruckner and Matthew R. Salzwedel 12. Funding Litigation K. Craig Wildfang and Stacey P. Slaughter 13. Interaction of Public and Private Enforcement Kevin J. O’Connor, Hannah L. Renfro and Adam C. Briggs 14. Class Notice and Claims Administration Katherine Kinsella and Shannon Wheatman PART III: EUROPE 15. Overview of Europe Bojana Vrcek 16. England and Wales Vincent Smith, Anthony Maton and Scott Campbell 17. France Nathalie Jalabert-Doury 18. Germany Philipp von Dietze and Eckart Brödermann 19. Italy Giovanni Barone and Roberto Amore 20. Netherlands Daan Lunsingh Scheurleer, Herman Speyart, Flip Wijers and Joost Fanoy 21. Spain Pedro Callol 22. Sweden Marcus Glader and Peter Alstergren 23. Turkey Hilmi Bolatoglu PART IV: THE AMERICAS 24. Overview of the Americas Jonathan W. Cuneo 25. Brazil Mauro Grinberg, Camilla Paoletti and Leonor Cordovil 26. Canada Charles M. Wright 27. Peru Alfredo Bullard and Alejandro Falla PART V: ASIA, AFRICA AND AUSTRALIA 28. Overview of Asia and Africa Byung Geon Lee and Ke Li 29. Australia Brooke Dellavedova, Vince Morabito and Brendan Sweeney 30. China Zou Weining and Ma Chunsheng 31. India Pradeep S. Mehta and Cornelius Dube 32. Israel Niv Zecler, Michal S. Gal and Yariv Ilan 33. Japan Hiromitsu Miyakawa 34. Korea Hwang Lee and Byung Geon Lee 35. South Africa Kasturi Moodaliyar 36. Taiwan Lawrence S. Liu and Frank S. Chang PART VI: THE FUTURE OF PRIVATE ENFORCEMENT 37. International Settlements Laurence T. Sorkin 38. Toward an Effective System of Private Enforcement Albert A. Foer and Jonathan W. Cuneo Index

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Book SynopsisThis state-of-the-art volume highlights important recent research contributions covering all the significant themes surrounding competition policy and regulation, including financial regulation and multisided markets. Bringing scholars and policy makers to the frontiers of research and addressing the critical issues of the day, the book presents original important new theoretical and empirical results. The distinguished contributors include: P. Agrel, K. Alexander, J. Cremer, X. Dassiou, G. Deltas, F. Etro, L. Filistrucchi, P. Fotis, M. Gilli, J. Harrington Jr, T. Huertas, M. Ivaldi, B. Jullien, V. Marques, M. Peitz, Y. Spiegel, E. Tarrantino and G. Wood. Recent Advances in the Analysis of Competition Policy and Regulation will prove insightful for academic economists, consultants and policy makers interested in these fields. Contributors: P.J. Agrell, K. Alexander, G. Biglaiser, E. Calvano, C. Cambini, J. Cremer, X. Dassiou, G. Deltas, F. Etro, L. Filistrucchi, R. Fiocco, A. Fortunato, P.N. Fotis, A. Gautier, M. Gilli, D. Glycopantis, J.E. Harrington Jr., T.F. Huertas, M. Ivaldi, B. Jullien, Y. Katsoulacos, T.J. Klein, J. Koenen, V. Marques, T.O. Michielsen, S. Mitraille, C. Muller, M. Peitz, L. Rondi, A. Salvo, I. Soares, Y. Spiegel, E. Tarantino, H. Vasconcelos, G. WoodTrade ReviewThis volume collects a number of original, cutting-edge contributions that take the reader swiftly and easily to the frontier of research on most of the current hot topics in industrial organization, antitrust and regulation. Skillfully edited by two outstanding leaders in the field, the volume will be a precious source for students, researchers and practitioners that need to figure out what research has achieved in recent years on these important policy issues. --- Giancarlo Spagnolo, SITE - Stockholm School of Economics and University of Tor Vergata, SwedenTable of ContentsContents: Introduction Joseph E. Harrington Jr and Yannis Katsoulacos PART I: COMPETITION POLICY AND RELATED ISSUES 1. Switching Costs and Network Effects in Competition Policy Jacques Crémer and Gary Biglaiser 2. Corporate Leniency with Private Information: An Exploratory Example Joseph E. Harrington Jr 3. The Economics of Pending Patents Johannes Koenen and Martin Peitz 4. Testing for the Presence of a Maverick in the French Audit Industry Marc Ivaldi, Sébastien Mitraille and Catherine Muller 5. Optimal Decisions in Two-stage Bundling Xeni Dassiou and Dionysius Glycopantis 6. Competition Policy and Firm’s Damages Panagiotis N. Fotis 7. Social-Welfare-Enhancing Collusion and Trade George Deltas, Alberto Salvo and Helder Vasconcelos PART II: ONLINE SEARCH, ADVERTISING AND TWO-SIDED MARKETS 8. A Note on Vertical Search Engines’ Foreclosure Emanuele Tarantino 9. Issues in Online Advertising and Competition Policy: A Two-sided Market Perspective Emilio Calvano and Bruno Jullien 10. Assessing Unilateral Merger Effects in the Dutch Daily Newspaper Market Lapo Filistrucchi, Tobias J. Klein and Thomas O. Michielsen 11. Leadership in Multi-sided Markets and Dominance in Online Advertising Federico Etro PART III: REGULATION 12. Bargaining and Collusion in a Regulatory Model Raffaele Fiocco and Mario Gilli 13. Investment and the Strategic Role of Capital Structure in Regulated Industries: Theory and Evidence Carlo Cambini, Laura Rondi and Yossi Spiegel 14. Rethinking Regulatory Capture Per J. Agrell and Axel Gautier 15. Can Structural Models be Useful to Understand the Electricity Wholesale Markets? An Application to Spain Vítor Marques, Adelino Fortunato and Isabel Soares PART IV: FINANCIAL REGULATION 16. Rebuilding International Financial Regulation and Basel III Kern Alexander 17. The Shock of the Old: The First Financial Crisis of the Twenty-first Century Geoffrey Wood 18. Fixing Finance: Are We There Yet? Thomas F. Huertas Index

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Book SynopsisPrivate Enforcement of Antitrust Law in the United States is a comprehensive Handbook, providing a detailed, step-by-step examination of the private enforcement process, as illuminated by many of the country's leading practitioners, experts, and scholars. Written primarily from the viewpoint of the complainant, the Handbook goes well beyond a detailed cataloguing of the substantive and procedural considerations associated with individual and class action antitrust lawsuits by private individuals and businesses. It is a collection of thoughtful essays that delves deeply into practical and strategic considerations attending the decision-making of private practitioners. This eminently readable and authoritative Handbook will prove to be an invaluable resource for anyone associated with the antitrust enterprise, including both inexperienced and seasoned practitioners, law professors and students, testifying and consulting economists, and government officials involved in overlapping public/private actions and remedies. Contributors: W.K. Arends, A.C. Briggs, W.J. Bruckner, P.B. Clayton, C.C. Corbitt, E.L. Cramer, M.B. Eisenkraft, A.A. Foer, A.J. Gaughan, P. Gilbert, J. Goldberg, D.E. Gustafson, M.D. Hausfeld, K. Kinsella, R.H. Lande, J. Langenfeld, S. Martin, K.J.L. O'Connor, H.L. Renfro, J.D. Richards, V. Romanenko, J.L. Rubin, M.R. Salzwedel, A.E. Shafroth, D.C. Simons, S.P. Slaughter, R.M. Stutz, B.E. Sweeney, J. Tabacco, M.J. Waters, S. Wheatman, K.C. Wildfang, G.G. Wrobel, J.A. ZahidTrade Review’The 2012 Handbook is one of the most practical and strategic looks at the formulation and conduct of private treble litigation available. It is practically unique in going beyond the substance of the antitrust law and giving the reader a peek behind the curtain as to how private antitrust litigation actually functions. It will prove to be of great value to students and practitioners, both inside and outside the United States, who want to understand what really occurs in and outside the courtroom.’ -- --World Competition: Law and Economics ReviewTable of ContentsContents: Preface Albert A. Foer and Randy M. Stutz Introduction: Benefits of Private Enforcement Robert H. Lande 1. Defining Antitrust Violations in the United States Bonny E. Sweeney 2. Pre-complaint Activities Craig C. Corbitt, Judith A. Zahid and Patrick B. Clayton 3. Parties Entitled to Pursue a Claim Eric L. Cramer and Daniel C. Simons 4. Initiation of a Private Action Michael D. Hausfeld 5. Class Actions J. Douglas Richards, Michael B. Eisenkraft and Abigail E. Shafroth 6. Procedural Defenses Short of Trial Jonathan L. Rubin 7. Pretrial Discovery in Civil Litigation Joseph Goldberg and Dan E. Gustafson 8. Economic Experts James Langenfeld, Gregory G. Wrobel and Michael J. Waters 9. Plaintiffs’ Remedies W. Joseph Bruckner and Matthew R. Salzwedel 10. Funding Litigation K. Craig Wildfang and Stacey P. Slaughter 11. Interaction of Public and Private Enforcement Kevin J.L. O’Connor, Anthony J. Gaughan, Hannah L. Renfro, Adam C. Briggs and Wendy K. Arends 12. Settlement Practice from Both a Plaintiff and Defense Perspective Joseph Tabacco and Scott Martin 13. Class Notice and Claims Administration Katherine Kinsella and Shannon Wheatman 14. Cy Pres as a Remedy in Private Antitrust Litigation Albert A. Foer 15. Proposals for Reform Pamela Gilbert and Victoria Romanenko Index

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Book SynopsisThis is an extraordinary collection of essays, most previously available only in Chinese, by the leading world authority on China's Anti-Monopoly Law. They are necessary reading for a holistic understanding of the law as a unique product of its history, its purposes and foundations, and its early applications. Probably no other scholar could produce such a thoughtful, clear, and both theoretically and practically helpful collection.'- Eleanor M. Fox, New York University School of Law, USChina's Anti-Monopoly Law (AML) is one of the youngest and most influential antitrust laws in the world today. This book aims to provide a better understanding of the evolution of China's AML to the international community, through a collection of essays from the most prominent antitrust scholar in China, Professor Xiaoye Wang.Xiaoye Wang provides a unique and invaluable 'insider perspective' into how China and its incipient antitrust regime work. This book therefore serves as a key reference text, which comprehensively outlines the historical background of China's enactment of the AML, engages in comparative legal analysis to explain the basic contents of the law, analyses its existing problems, and considers the various challenges it will face in implementation. This book also records the AML's difficult legislative journey, and reflects upon the views and different perspectives that the Chinese society has on the market economy, market competition, and other important theoretical questions.Antitrust practitioners and in-house lawyers, academics and policymakers alike will be interested in this book. China has become too important an antitrust jurisdiction, and too important a market, for any person with an interest in antitrust to ignore.Contents: 1. Why Needs China Anti-Monopoly Law? 2. Anti-monopoly Law and Building a Harmonious Society 3. Anti-monopoly Law and China's Economic Reform 4. Market Access of the Non-Public Economy and Anti-Monopoly Law 5. Legal Suggestions for Reforming Monopoly Industries 6. China's Competition Law in the Global Competition 7. The Impacts of the WTO Competition Policy Negotiation in China 8. WTO Accession and the Formulation of China s Anti-Monopoly Law 9. The Prospect of Anti-monopoly Legislation in China 10. The Goals of China s Anti-Monopoly Law 11. Anti-Monopoly Law and Industry Price Self-Discipline 12. Anti-Monopoly Regulation of the Market Behaviour of Public Utility Enterprises 13. The Legal Regulation of Administrative Restrictions on Competition 14. Anti-Monopoly Law in the Compulsory Licensing of Intellectual Property 15. Some Issues Surrounding the Anti-Monopoly Enforcement Authority in China 16. Issues Surrounding the Drafting of China's Anti-monopoly Law 17. Unfair Competition and Anti-Competition 18. Comments on Merger Control under China's Anti-monopoly Law 19. Highlights of China's New Anti-monopoly Law 20. Analysis and Comment on China's Anti-Monopoly Law 21. China's Anti-monopoly Enforcement Agency Should Say No to the BHP-Rio Tinto Merger 22. Comments on MOFCOM's Decision on Coca-Cola/Huiyuan 23. Reflections on the NDRC Case Against China Telecom and China Unicom 4. China's Anti-Monopoly Law for Three Years: Achievements and Challenges IndexTrade Review’This is an extraordinary collection of essays, most previously available only in Chinese, by the leading world authority on China’s Anti-Monopoly Law. They are necessary reading for a holistic understanding of the law as a unique product of its history, its purposes and foundations, and its early applications. Probably no other scholar could produce such a thoughtful, clear, and both theoretically and practically helpful collection.’ -- Eleanor M. Fox, New York University School of Law, US’The transformation of a planned economy to a more market oriented economy is among the most challenging tasks of responsible political leadership. China’s move towards a market economy left the outside world in unbelieving wonder. The adoption of an anti-monopoly law is a necessary and particularly difficult part of such a project. An anti-monopoly law interferes with vested political and economic interest. The certainties of plans are gradually substituted by the uncertainties of markets and the vagaries of competition. Such decisions have a constitutional dimension. They would not be possible without profound legal and economic advice by scholars who are prepared to become identified with and argue for the new order. Such a scholar is Prof. Xiaoye Wang. The account of her life indicates the long way she had to travel to become one of the foremost competition law scholars in her own country and on a truly global level. This book highlights her scholarly accomplishments as well as her courage and independence in the service of an effective Chinese Anti Monopoly Law. It has been my good fortune that Professor Wang at the beginning of her career accepted my advice in the preparation of her doctor’s dissertation at the Hamburg Max-Planck-Institute.’ -- Ernst-Joachim Mestmäcker, Max Planck Institute for Comparative and International Private Law, Hamburg, Germany‘The Evolution of China’s Anti-Monopoly Law not only gives the reader a comprehensive overview ranging from the basic theoretical foundations to the detailed lines of argument in important cases, it provides the background knowledge and understanding that is necessary for well-grounded critique and analysis in the area of Chinese anti-monopoly law. The vivid argumentations and explanations mirror the considerable inside knowledge as well as the personal enthusiasm and conviction of the author. For those with an academic or practical focus on China’s Anti-Monopoly Law, this book is a must read.’ -- Markus Masseli, Rabels ZeitschriftTable of ContentsContents: 1. Why Needs China Anti-Monopoly Law? 2. Anti-monopoly Law and Building a Harmonious Society 3. Anti-monopoly Law and China’s Economic Reform 4. Market Access of the Non-Public Economy and Anti-Monopoly Law 5. Legal Suggestions for Reforming Monopoly Industries 6. China’s Competition Law in the Global Competition 7. The Impacts of the WTO Competition Policy Negotiation in China 8. WTO Accession and the Formulation of China’s Anti-Monopoly Law 9. The Prospect of Anti-monopoly Legislation in China 10. The Goals of China’s Anti-Monopoly Law 11. Anti-Monopoly Law and Industry Price Self-Discipline 12. Anti-Monopoly Regulation of the Market Behaviour of Public Utility Enterprises 13. The Legal Regulation of Administrative Restrictions on Competition 14. Anti-Monopoly Law in the Compulsory Licensing of Intellectual Property 15. Some Issues Surrounding the Anti-Monopoly Enforcement Authority in China 16. Issues Surrounding the Drafting of China’s Anti-monopoly Law 17. Unfair Competition and Anti-Competition 18. Comments on Merger Control under China’s Anti-monopoly Law 19. Highlights of China’s New Anti-monopoly Law 20. Analysis and Comment on China’s Anti-Monopoly Law 21. China’s Anti-monopoly Enforcement Agency Should Say No to the BHP-Rio Tinto Merger 22. Comments on MOFCOM’s Decision on Coca-Cola/Huiyuan 23. Reflections on the NDRC Case Against China Telecom and China Unicom 24. China’s Anti-Monopoly Law for Three Years: Achievements and Challenges Index

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Book SynopsisNearly every important country now has a competition law. It is vital to understand the institutions that drive the operation of these laws. This excellent volume provides case studies of some of the more substantial new competition authorities written by former or current top agency officials and academics closely connected with those institutions. The book highlights the fact that whilst these institutions have certain features in common, they are very much shaped by the history and circumstances of their own countries and cultures, and that any serious prescription for them needs to balance those factors against the general economic doctrines that lie behind competition law around the world. Without that understanding, regulators and those dealing with them are likely to face failure. The book points to ways of resolving those problems.'- Allan Fels, The Australia and New Zealand School of Government (ANZSOG)This detailed book focuses on the development of competition law institutions and contains case studies that examine this against the backdrop of the debate around global convergence of competition law and the limits imposed by particular national circumstances.Five of the chapters examine the development of competition law regimes in a diverse range of countries: Mexico, Hungary, South Africa, Thailand (with comparative remarks on South Korea) and Zambia. The remaining chapters examine the role of multinational institutions, particularly the International Competition Network, and the practice of and potential for regional competition law arrangements. The majority of the authors are seasoned practitioners of competition law, all of whom acknowledge the importance of convergence, while simultaneously demonstrating the limits imposed by divergent national circumstances. This carefully edited collection is a companion volume to Enforcing Competition Rules in South Africa, an account of the development of competition law institutions in South Africa, authored by David Lewis and published by Edward Elgar.Building New Competition Law Regimes will be of particular benefit to scholars, teachers and practitioners of competition law. It will also be of interest to development studies scholars, teachers and practitioners and to specialists in the countries that are the subjects of the case studies.Contributors: J. Bleazard, H.C.S. Correa, J. Fingleton, E. Fox, A. Heimler, F. Jenny, T. Kaira, C. Kovács, D. Lewis, S. Mitchell, E.P. Motta, D. Nikomborirak, A.P. ReindlTrade Review‘There is much in this book that is very interesting and the essays have been extremely well-collated and organised - it is clear that much thought has been given by David Lewis to the issues that matter. There remains much more to be said about the development of competition law, the role that more developed and better supported systems have to play in facilitating this and the role of multinational organisations. The fact that I can think of essays that I wish had been written and included here in no way detracts from the value of this volume; rather the opposite is suggested - that fascinating and important questions have been raised. To policy-makers and academics, as well as to those interested in competition law generally, this book can be highly recommended.’ -- Mark Furse, European Competition Law Review‘Nearly every important country now has a competition law. It is vital to understand the institutions that drive the operation of these laws. This excellent volume provides case studies of some of the more substantial new competition authorities written by former or current top agency officials and academics closely connected with those institutions. The book highlights the fact that whilst these institutions have certain features in common, they are very much shaped by the history and circumstances of their own countries and cultures, and that any serious prescription for them needs to balance those factors against the general economic doctrines that lie behind competition law around the world. Without that understanding, regulators and those dealing with them are likely to face failure. The book points to ways of resolving those problems.’ -- Allan Fels, University of Melbourne, Australia‘This thoughtfully curated collection has much to offer, providing nuanced insights into an increasingly global phenomenon that has, as these essays demonstrate, inescapably local components nonetheless.’ -- Niamll Dunne, The Cambridge Law JournalTable of ContentsContents: Preface PART I: COUNTRY STUDIES 1. Competition Policy in Mexico Eduardo Pérez Motta and Heidi Claudia Sada Correa 2. The Evolution of the Hungarian Competition Regime: 2 Decades of Dynamic Change and Continuity Csaba Kovács and Andreas P. Reindl 3. Pigeon-holed by Precedent: Form versus Substance in the Application of South African Competition Law Janice Bleazard 4. The Political Economy of the Competition Regimes in Thailand and South Korea: A Comparison Deunden Nikomborirak 5. The Role of SMMEs in the Formal and Informal Economy in Zambia: The Challenges Involved in Promoting them and Including them in Competition Regulation Thula Kaira PART II: MULTINATIONAL ISSUES AND INITIATIVES 6. The Past and Future of International Antitrust: Gaps, Overlaps and the Institutional Challenge Eleanor Fox, John Fingleton and Sophie Mitchell 7. Regional Agreements Alberto Heimler and Frédéric Jenny Index

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Book SynopsisThis fascinating book describes and analyses the development of competition law in South Africa, promoting a deeper understanding of the development of this foundational economic law within its specific national, social and economic context.Enforcing Competition Rules in South Africa is a clear and insightful account of the establishment and first decade of one of the most successful competition law institutions to have mushroomed over the past 15 years. David Lewis believes that, while there is much to learn from international scholarship and jurisprudence and from participation in the various multinational initiatives in this field, competition law and its institutions have to be understood within their national economic and social contexts.Drawing strongly on case law and enforcement experiences, this book will appeal to academics, researchers and practitioners of competition law and economics.Contents: Preface 1. Beginnings 2. The New Competition Regime 3. Mergers 4. Abuse of Dominance 5. Cartels 6. Competition Enforcement on the World Stage 7. Conclusion and a Postscript IndexTable of ContentsContents: Preface 1. Beginnings 2. The New Competition Regime 3. Mergers 4. Abuse of Dominance 5. Cartels 6. Competition Enforcement on the World Stage 7. Conclusion and a Postscript Index

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Book SynopsisThis book treats one of the thorniest issues in contemporary antitrust theory: the role of tacit collusion among oligopolistic undertakings and the instruments to apply competition law against its harmful consequences. The author builds a very thorough parallel among US and European legal traditions, enforcement possibilities and concrete choices against tacit collusion. The result is an advanced and entertaining reading to be recommended both to lawyers and economists that study and practice antitrust.'- Pier Luigi Parcu, European University Institute, ItalyBy examining the issue of collusion in EU and US competition law, this book suggests possible strategies for improving the antitrust enforcement against parallelism, by exploiting the most advanced achievements of economic analysis.The book contains a suggested approach to collusion, in ex ante and ex post perspectives. By moving from the analysis of the state of art, in terms of law, case law, and scholarship, Marilena Filippelli analyses inconsistencies and failures in the current antitrust enforcement toward collusion and develops a workable parameter for the issue of collective dominance. The most innovative part of this work goes beyond the analysis of collective dominance itself and involves the interference of arts. 101 and 102. The conclusion is a re-definition of the relationship between those rules - from dichotomy to redundancy. Finally, the book highlights the antitrust significance of semi-collusion as a strategy made of collusion and competition. The author considers economic models equalling, as for the effects, collusion and semi-collusion and the case law supporting the qualification of semi-collusion as a species of collusion. The analysis involves both US and EU systems under the highly topical economic-oriented approach. It also contains an original view of European antitrust prohibitions.Because of its contents and its approach, this book will be attractive to every academic interested in antitrust law. Moreover, the well-documented research on parallelism, involving law, case law and scholarship, makes this book interesting also for competition authorities and antitrust lawyers.Contents: Introduction Part I: Parallelism in US Competition Law 1. US Antitrust Policy Towards Parallelism: The Ex Post Enforcement 2. The US Merger Policy Towards Collusion Part II: Parallelism in EU Competition Law 3. First Evidence of the 'Oligopoly Problem- in the Enforcement of EU Antitrust Laws 4. The First Stage of EU Oligopoly Control: Shaping the Category of Collective Dominance 5. Airtours and its Aftermath Part III: A Suggested Approach to Collective Dominance 6. Coordinated Effects in EU Merger Control 7. Abuses of Collective Dominance Section I: Taxonomy of Collective Dominance Section 2: Dealing with Tacit Collusion 8. Lessons from Collective Dominance: Re-thinking the Relationship of Articles 101 and 102 Concluding Remarks: EU and US Approach to the Oligopoly Problem: An Economic-based Trend toward Convergence Bibliography IndexTrade Review‘This book treats one of the thorniest issues in contemporary antitrust theory: the role of tacit collusion among oligopolistic undertakings and the instruments to apply competition law against its harmful consequences. The author builds a very thorough parallel among US and European legal traditions, enforcement possibilities and concrete choices against tacit collusion. The result is an advanced and entertaining reading to be recommended both to lawyers and economists that study and practice antitrust.’ -- Pier Luigi Parcu, European University Institute, ItalyTable of ContentsContents: Introduction Part I: Parallelism in US Competition Law 1. US Antitrust Policy Towards Parallelism: The Ex Post Enforcement 2. The US Merger Policy Towards Collusion Part II: Parallelism in EU Competition Law 3. First Evidence of the ‘Oligopoly Problem’ in the Enforcement of EU Antitrust Laws 4. The First Stage of EU Oligopoly Control: Shaping the Category of Collective Dominance 5. Airtours and its Aftermath Part III: A Suggested Approach to Collective Dominance 6. Coordinated Effects in EU Merger Control 7. Abuses of Collective Dominance Section I: Taxonomy of Collective Dominance Section 2: Dealing with Tacit Collusion 8. Lessons from Collective Dominance: Re-thinking the Relationship of Articles 101 and 102 Concluding Remarks: EU and US Approach to the Oligopoly Problem: An Economic-based Trend toward Convergence Bibliography Index

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Book SynopsisThis book provides a comprehensive overview of the economic and competition policy issues that buyer power creates. Drawing on economic analysis and cases from around the world, it explains why conventional seller side standards and analyses do not provide an adequate framework for responding to the problems that buyer power can create. Based on evidence that abuse of buyer power is a serious problem for the competitive process, the book evaluates the potential for competition law to deal directly with the problems of abuse either through conventional competition law or special rules aimed at abusive conduct. Peter C. Carstensen's expert analysis uses the policy goal of preserving and protecting the competitive process as a guide, and evaluates competition law and policy found around the world for diverse perspectives. He identifies and evaluates controls beyond conventional competition rules and makes recommendations for competition policy, including focus on limiting the emergence of undue buyer power, strict controls limiting the size of legitimate buyer groups, prohibition in most instances of buyer cartels, and strict standards to bar mergers creating buyer power to provide a set of policies that can constrain the risks of undue buyer power. Competition law scholars, competition law practitioners, staff of competition enforcement agencies, economists interested in competition policy, and agricultural economists interested in market systems will all find this book a strong resource.Trade Review'In a lucid and thorough exploration of buyer power, Peter Carstensen persuasively illustrates the welfare effects and societal costs. He offers a detailed review of buyer power exploitation and the means to tackle it using ex-ante and ex-post intervention. This excellent contribution to the legal and policy debate highlights the prevalence of buyer power in many industries and markets, its potential abuse, and the likely costs of limited antitrust enforcement.' --Ariel Ezrachi, The University of Oxford, UK'Which is more harmful to the competitive process-abuse of buyer power or seller power? Which is more difficult for enforcers to control? Are monopsonies the ''mirror image'' of monopolies? Professor Carstensen tackles these important questions in this much needed addition to an under-researched topic. A cogent, compelling analysis of why buyer power requires much more attention from competition authorities and policymakers generally than it has received.' --Maurice E. Stucke, The University of Tennessee; of counsel, The Konkurrenz Group, US'In this excellent book Peter Carstensen gives buyer power the attention it deserves. Long relegated to a secondary role in antitrust analysis, buyer power is an important source of inefficiency, harm to competition, and exploitation. This book is an exceptionally comprehensive, incisive, and thoughtful treatment of the issue. And it could not be more timely.' --John B. Kirkwood, Seattle University, School of Law, USTable of ContentsContents: Acknowledgements 1. Buyer Power: a Pervasive Challenge to Competition Policy 2. The Goals of Competition Policy 3. Buyer Power: Its Definition and Measurement 4. The Potential Competitive Harms from the Existence and Abuse of Buyer Power 5. Competition Policy for Unilateral Conduct by Buyers 6. Market Regulation and Other Strategies to Remedy Abuse of Buyer Power 7. Competition Policy for Buying Cartels, Buying Groups and Other Contractual Restraints Involving Buyer Power 8. Controlling the Creation of Buyer Power through Merger Policy 9. Conclusion: The Centrality of Market Structure and the Limits of National Authority Index

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Book SynopsisKey features:- Edited by leading academics and an experienced practitioner- Combines both practical insight and scholarly analysis- A rich compendium of commentary and analysis on all the main themes of competition law- Extensive coverage of both substantive, procedural and enforcement issues in two volumes.Handbook on European Competition Law: Enforcement and Procedure sets out in detail the procedural aspects of EU competition law, ranging from fines, remedies and judicial review. It also gives unique insight into both private and public enforcement of completion law, and offers commentary on the relationship between EU competition law and national competition law, and on the relationship between competition law and private international law.The companion volume, Handbook on European Competition Law: Substantive Aspects, sets the context for examination of substantive law by reviewing and analyzing the goals of competition law. It then covers the substantive building blocks of EU competition law, including horizontal and vertical agreements, cartels, mergers, and also provides valuable coverage of the interaction between competition and regulation, hub and spoke collusion, and information exchange agreements. The importance of the abuse of dominance doctrine is reflected in three discrete chapters considering exploitative abuses, exclusionary pricing abuses, and exclusionary non-pricing abuses.This Handbook will be an indispensable reference work for practitioners and scholars, as well as for those in an enforcement environment.Contributors: A. Andreangeli, K. Cseres, C. Genakos, D. Geradin, D.M.B. Gerard, Y. Katsoulacos, A.P. Komninos, N. Levy, I. Lianos, C. Malamataris, B.J. Rodger, H. Schweitzer, D. Ulph, J. WileurTable of ContentsContents: Foreword Preface 1. Econometric Evidence in EU Competition Law: An Empirical and Theoretical Analysis Ioannis Lianos and Christos Genakos 2. The Public Enforcement of Articles 101 and 102 TFEU under Council Regulation No 1/2003: Due Process Considerations Arianna Andreangeli 3. Public Enforcement: The ECN – Network Antitrust Enforcement in the European Union Damien M.B. Gerard 4. Private Enforcement in the EU with Emphasis on Damages Actions Assimakis P. Komninos 5. Procedural Aspects of Merger Control Nicholas Levy 6. The EU Competition Law Fining System Damien Geradin, Christos Malamataris and John Wileur 7. Competition Law Remedies in Europe Ioannis Lianos 8. EU Competition Law and Private International Law: A Developing Relationship Barry J. Rodger 9. Judicial Review in EU Competition Law Heike Schweitzer 10. Relationship between EU Competition Law and National Competition Laws Katalin Cseres 11. Legal Uncertainty, Penalties, and the Limits to Effects-based Standards Yannis Katsoulacos and David Ulph Index

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Book SynopsisThis book provides a detailed analysis of major legal and public policy issues arising from the Trans-Pacific Partnership Agreement (TPP) - a treaty that will dramatically change the landscape of international trade, with effects that will be felt on a global scale.Experts from a range of backgrounds around the world provide perspectives on the significance and likely impact of the agreement, and in particular its implications for national regulatory autonomy. The chapters cover cross-cutting issues such as development, health and the environment, as well as more specific areas such as agriculture and services, and controversial questions of intellectual property, investment and dispute settlement under the agreement.With an analytical focus on broad principles and enduring issues arising from the TPP, this informative book will appeal to academics, government advisors, NGOs, and students of law, economics, and international relations. Legal practitioners will also find much of interest in this book.Contributors: W.-M. Choi, D. Elms, D. Kotlowitz, M. Lewis, J. Meltzer, A. Mitchell, J. Munro, R. Polanco, M. Rimmer, L. Trakman, T. Voon, K. WeatherallTrade ReviewProfessor Tania Voon has assembled a stellar team of authors to produce one of the first collections analysing the Trans-Pacific Partnership (TPP) - the world's most important and perhaps controversial contemporary trade agreement - from the legal perspective. Written and published before the conclusion of the negotiations, the collection provides preliminary analysis of the broader legal and policy issues at play during the negotiations. These issues will undoubtedly remain important following the conclusion of the negotiations. The snapshot provided by this collection will remain valuable long after the TPP comes into force. --Bryan Mercurio, The Chinese University of Hong KongTable of ContentsContents: 1. Introduction: National Regulatory Autonomy and the Trans-Pacific Partnership Agreement Tania Voon 2. Coping with Proliferating Preferential Rules of Origin and the TPP’s Role in their Harmonisation Won-Mog Choi 3. The Trans-Pacific Partnership Agreement and Development Meredith Kolsky Lewis 4. The TPP as a Case Study of Changing Dynamics for International Intellectual Property Negotiations Kimberlee Weatherall 5. Plain Packaging for the Pacific Rim: Tobacco Control and the Trans-Pacific Partnership Matthew Rimmer 6. Agriculture and the Trans-Pacific Partnership Negotiations Deborah Elms 7. Services in the TPP: A Case Study of Telecommunications Danny Kotlowitz and Tania Voon 8. State-State Dispute Settlement under the Trans-Pacific Partnership Agreement Andrew D Mitchell and James Munro 9. Investor-State Dispute Settlement under the Trans-Pacific Partnership Agreement Leon E Trakman 10. The Trans-Pacific Partnership Agreement, the Environment and Climate Change Joshua P Meltzer 11. The Trans-Pacific Partnership Agreement and Regulatory Coherence Rodrigo Polanco Bibliography Index

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Book SynopsisCustomary law has been the subject of intense debate and the issues arising from the intersection of customs and the law are far from settled. This volume, separated into three parts brings together seminal work from scholars in law, economics and history. The first section analyses various perspectives on the history of customary law. Part two focuses on the commercial customary law and includes a number of case studies covering the role and limits of customary systems in a variety of commercial settings. The final section explores the role of custom in international law from a variety of legal and economic perspectives.Along with an original introduction by Professors Bernstein and Parisi, this valuable collection will be of interest to scholars, practitioners and academics with an interest in this diverse and interdisciplinary field. Table of ContentsContents: Acknowledgements Introduction Lisa Bernstein and Francesco Parisi PART I CUSTOMARY LAW: HISTORICAL ILLUSTRATIONS 1. Bruce L. Benson (1989), ‘The Spontaneous Evolution of Commercial Law’ 2. Emily Kadens (2012), ‘The Myth of the Customary Law Merchant’ 3. Leon E. Trakman (1983), ‘The Medieval Law Merchant’ 4. Daniel Klerman (2009), ‘The Emergence of English Commercial Law: Analysis Inspired by the Ottoman Experience’ 5. Avner Greif, Paul Milgrom and Barry R. Weingast (1994), ‘Coordination, Commitment, and Enforcement: The Case of the Merchant Guild’ 6. Paul R. Milgrom, Douglass C. North and Barry R. Weingast (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs’ PART II COMMERCIAL CUSTOMARY LAW: CONTEMPORARY ILLUSTRATIONS 7. Janet T. Landa (1981), ‘A Theory of the Ethnically Homogeneous Middleman Group: An Institutional Alternative to Contract Law’ 8. Lisa Bernstein (1992), ‘Opting out of the Legal System: Extralegal Contractual Relations in the Diamond Industry’ 9. Lisa Bernstein (1996), ‘Merchant Law in a Merchant Court: Rethinking the Code’s Search for Immanent Business Norms’ 10. Eric A. Feldman (2006), ‘The Tuna Court: Law and Norms in the World’s Premier Fish Market’ 11. Robert D. Cooter (1994), ‘Structural Adjudication and the New Law Merchant: A Model of Decentralized Law’ 12. Lisa Bernstein (2001), ‘The Questionable Empirical Basis of Article 2’s Incorporation Strategy: A Preliminary Study’ 13. Robert C. Ellickson (1989), ‘A Hypothesis of Wealth-Maximizing Norms: Evidence from the Whaling Industry’ PART III INTERNATIONAL CUSTOMARY LAW 14. Eric A. Posner and Alan O. Sykes (2013), ‘Customary International Law’ 15. Jack L. Goldsmith and Eric A. Posner (1999), ‘A Theory of Customary International Law’ 16. Jack L. Goldsmith and Eric A. Posner (2000), ‘Understanding the Resemblance Between Modern and Traditional Customary International Law’ 17. Eugene Kontorovich (2006), ‘Inefficient Customs in International Law’ 18. Vincy Fon and Francesco Parisi (2009), ‘Stability and Change In International Customary Law’ 19. Curtis A. Bradley and Mitu Gulati (2009), ‘Withdrawing from International Custom’ 20. Francesco Parisi and Vincy Fon (2009), ‘Customary Law and Articulation Theories’

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Book SynopsisFor years, the pendulum between competition law and regulation used to be at full swing between ex ante and ex post intervention. The oscillation now is shorter and the two edges more intertwined. This highly topical edited volume includes contributions at the 8th ASCOLA conference from eminent experts in the field, practitioners and academics. The contributors and the editors have succeeded in producing a coherent, thought-provoking, cutting-edge analysis of an area of law that is continuously changing.'- Ioannis Kokkoris, Queen Mary University London, UKTo what extent should competition agencies act as market regulators? Competition Law as Regulation provides numerous insights from competition scholars on new trends at the interface of competition law and sector-specific regulation.By relying on the experiences of a considerable number of different jurisdictions, and applying a comparative approach to the topic, this book constitutes an important addition to international research on the interface of competition and regulation. It addresses the fundamental issues of the subject, and contributes to legal theory and practice. Topics discussed include foundations of the complex relationship of competition law and regulation, new forms of advocacy powers of competition agencies, competition law enforcement in regulated industries in general, information and telecommunications markets, and competition law as regulation in IP-related markets.Scholars in the two fields of law and economics will find the research aspects of the book to be of interest. Officials in competition and regulatory agencies will benefit from the practical relevance of the book.Contributors: E. Arezzo, A. Ayal, M. Botta, F. Caronna, F. Di Porto, M.S. Gal, T. Indig, K. Kowalik-Banczyk, B. Lundqvist, M. Maggiolino, N. Rangone, M. Siragusa, Y. Svetiev, A. Svetlicinii, T. Takigawa, R.H. WeberTrade Review‘For years, the pendulum between competition law and regulation used to be at full swing between ex ante and ex post intervention. The oscillation now is shorter and the two edges more intertwined. This highly topical edited volume includes contributions at the 8th ASCOLA conference from eminent experts in the field, practitioners and academics. The contributors and the editors have succeeded in producing a coherent, thought-provoking, cutting-edge analysis of an area of law that is continuously changing.’ -- Ioannis Kokkoris, Queen Mary University London, UKTable of ContentsContents: PART I FOUNDATIONS OF THE COMPLEX RELATIONSHIP OF COMPETITION LAW AND REGULATION 1. The Regulatory Breakthrough of Competition Law: Definitions and Worries Mariateresa Maggiolino 2. Anti-Anti Regulation: The Supplanting of Industry Regulators with Competition Agencies and how Antitrust Suffers as a Result Adi Ayal 3. (Re-)Joining The Regulatory Fold? Problem-Solving Innovations in Competition Enforcement Yane Svetiev PART II NEW FORMS OF ADVOCY POWERS OF COMPETITION AGENCIES 4. New Powers - New Vulnerabilities? A Critical Analysis of Market Inquiries Performed by Competition Authorities Tamar Indig and Michal S. Gal 5. New Frontiers for Competition Advocacy and the Potential Role of Competition Impact Assessment Nicoletta Rangone PART III COMPETITION LAW ENFORCEMENT IN REGULATED INDUSTRIES IN GENERAL 6. A Reassessment of the Relationship Between Competition Law and Sector-Specific Regulation Mario Siragusa and Fausto Caronna 7. Regulatory Approach to Competition Law in the Practice of the Polish Competition Authority – A Critical Assessment Krystyna Kowalik-Bańczyk 8. Enforcement of Competition Rules in Regulated Industries: Abuse-of-dominance Practices in the New EU Member States, Candidate Countries and Potential Candidates Alexandr Svetlicinii and Marco Botta PART IV INFORMATION AND TELECOMMUNICATION MARKETS 9. From Competition Law to Sector-Specific Regulation in Internet Markets? A Critical Assessment of a Possible Structural Change Rolf H. Weber 10. The Regulatory Approach in Competition Law Enforcement for Innovation-Intensive Industries: The Case of Broadband Access Regulation in Japan Toshiaki Takigawa 11. Abuses of Information and Informational Remedies: Rethinking Exchange of Information under Competition Law Fabiana Di Porto PART V COMPETITION LAW AS REGULATION IN IP-RELATED MARKETS 12. Competition Law as an Instrument of IP Regulation? The Case of Strategic Patent Filings Emanuela Arezzo 13. Competition Law as the Limit to Standard-Setting Björn Lundqvist Index

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Book SynopsisIt is rare to find an analysis as clear-sighted of the energy market regulation in Europe taking into account legal, regulatory and (geo-)political aspects. Congratulations to this contribution to the debate about regulating energy markets in the future.'- Herwig C. H. Hofmann, Professor of European and Transnational Public LawLaw and Policy of the European Gas Market examines the regulatory and competitive choices of institutions and bodies operating within the EU gas market, with a view to achieving a higher level of market integration. Offering an in-depth analysis of the design, structure and functioning of the EU gas market, the book considers the most recent European legal developments associated with this market and places them in their respective geopolitical context.This timely book contributes to the discussion surrounding the concurrent application of competition law and regulation on the EU gas market. It also provides a unique critique of the way in which competition law is used, mainly through the European Commission's so-called 'commitments practice', while looking at consumer protection and the effects of such practice on third-country transmission system operators.This book provides a unique reassessment of the role played by sector-specific regulation in achieving gas market integration and will therefore prove a valuable resource for gas market participants, policy makers and lawyers in the field. It will also be of great use to students, academics and researchers interested in the latest legislative reform of the EU gas market or 'the Third Energy Package'.Contents: 1. Introduction 2. The specifics of the EU gas market 3. Setting of relationships with natural gas producers 4. EU gas market structure 5. Defining and assessing the current EU gas market design 6. Integration of the EU gar market through administrative bodies 7. Conclusion Bibliography Annex I: Legislation applicable to the EU gas market Annex II: Case Law IndexTrade Review'Addressing institutions and laws for European gas market integration, Waloszyk's work is a very useful study of a complex energy sub-market. It offers a transparent, systematic ordering of actors and interests – suppliers, distributors, consumers, the EU, Member States, non-EU states – and covers energy relations, market design, and regulatory choice. Her mainly legal focus incorporates diverse policy, (geo-)political and economic reflections in a solid, thoughtful, interesting, highly readable treatment, valuable to many actors in this area of EU policy.' -- Gerard C. Rowe, Europa-Universitaet Viadrina, Germany‘It is rare to find an analysis as clear-sighted of the energy market regulation in Europe taking into account legal, regulatory and (geo-)political aspects. Congratulations to this contribution to the debate about regulating energy markets in the future.’ -- Herwig C. H. Hofmann, Professor of European and Transnational Public Law‘Overall, the book presents valuable insights into the EU gas market and its continuous progression towards complete integration. Waloszyk’s holistic approach and her well-informed critique engages with the topic well and makes her work highly relevant to both academia and industry.’ -- Alexander Wilk, Utilities Law ReviewTable of ContentsContents: 1. Introduction 2. The specifics of the EU gas market 3. Setting of relationships with natural gas producers 4. EU gas market structure 5. Defining and assessing the current EU gas market design 6. Integration of the EU gar market through administrative bodies 7. Conclusion Bibliography Annex I: Legislation applicable to the EU gas market Annex II: Case Law Index

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Book SynopsisDr Jedlicková offers a fresh and much-needed insight on the law of resale price maintenance. She presents a sophisticated analysis of the relevant legislation and case law within a wider socio-economic contextual approach in which the very 'justice' of the various possible approaches is discussed. Competition lawyers, competition economists, and policy-makers will find arguments here that challenge assumptions, and analysis which is robust and pertinent. This is a valuable contribution to our understanding of resale price maintenance in particular, and vertical restraints in general.'- Mark Furse, University of Glasgow, UKTheoretical discussions among competition lawyers and economists on the approach to Resale resale Price price Maintenance maintenance (RPM) and Vertical vertical Territorial territorial Restrictions restrictions (VTR) have often caused controversy. However, commentators agree that there is a lack of comprehensive study surrounding the topic. This book explores these two forms of anticompetitive conduct from legal, historical, economical, and theoretical points of view, focusing on the EU and US experiences.The author expertly goes beyond the current legal practice to explain, among other things, what approach should apply to RPM and VTR, and why RPM and VTR are introduced in situations where procompetitive theories would not make economic sense, or do not apply in practice. The book takes account of economic values, such as efficiency and welfare, as well as other values, such as freedom, fairness and free competition.Scholars and students of law will find the book's depth of legal, economic and historical analysis to be a rich contribution to the scholarship. This book will also be of use to EU and US practitioners, and enforcers dealing with RPM and VTR cases.Trade Review‘Dr Jedlicková offers a fresh and much-needed insight on the law of resale price maintenance. She presents a sophisticated analysis of the relevant legislation and case law within a wider socio-economic contextual approach in which the very ‘justice’ of the various possible approaches is discussed. Competition lawyers, competition economists, and policy-makers will find arguments here that challenge assumptions, and analysis which is robust and pertinent. This is a valuable contribution to our understanding of resale price maintenance in particular, and vertical restraints in general.’ -- Mark Furse, University of Glasgow, UKTable of ContentsContents: 1. Introduction 2. Distribution and Competition 3. US Development, Case Studies and Summaries 4. EU Development, Case Studies and Summaries 5. Theories and Impacts of RPM and VTR on Competition 6. Jurisprudential Arguments and the Economic Concept of RPM and VTR 7. Conclusion Bibliography Index

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Book Synopsis'The contributions in this collection comprehensively review key issues concerning the respective roles of national and EU courts in enforcing competition and state aid law, and the relationship between court and arbitration proceedings in those fields. This groundbreaking work provides a stimulating and up-to-date analysis of the EU's decentralized enforcement system and I strongly recommend it to both scholars and practitioners. It will assist them in promoting the proper application of competition law in that institutionally complex and multi-level environment.'- Judge José Luís da Cruz Vilaça, The Court of Justice of the European Union, LuxembourgWith courts and arbitrators functioning daily as front line decision-makers applying EU competition law, this book reflects on a variety of issues related to the litigation and arbitration of cases in this field. It provides expert analysis from perspectives of substance, procedure, fundamental rights, as well as inter-institutional dialogue and coherence.Featuring a range of scholarly contributions, the essays address topics including the 2014 EU 'Damages Directive', now in force and being implemented; the EU's tepid reception of the 'collective redress' concept; a range of issues concerning state aid law; the arbitrability of competition law issues, as well as many other matters related to arbitration in this context such as judicial review of arbitral awards from a competition law perspective, and the interplay between arbitral proceedings and competition agency investigations.With its wide coverage, this book serves as a valuable resource for any reader working on EU competition law, whether for the purpose of teaching or studying the law, or of practicing in this field as a lawyer, public official, judge or arbitrator.Contributors: A. Adinolfi, L. Bergamini, G. Biagioni, G. Blanke, R. Cisotta, D. Gallo, E. Gambaro, A. Geulette, S. Keske, M. Marquis, F. Munari, R. Nazzini, L.F. Pace, K. Peci, S. Peyer, M. SiragusaTrade Review'This is a comprehensive compendium of perceptive and insightful articles by highly experienced lawyers, arbitrators and academics. The most important issues arising in connection with arbitration, litigation and EU competition law are explored from both practical and theoretical perspectives. The Commission's Antitrust Damages Directive and the movement toward collective actions and multiple jurisdictional enforcement are analyzed, as well as timely questions about evidence and judicial review. The legally and politically complex subject of state aids is brilliantly treated. Finally, issues arising when EU competition law comes before arbitrators are discussed in great depth by seasoned participants in international arbitration.' --Barry Hawk, Fordham University, US'Overall this book marks a significant addition to the burgeoning private enforcement literature, but it is in its focus on arbitration that it is novel, important and particularly enlightening, emphasizing in particular the increasing role of arbitration in the competition law enforcement architecture. The book is a contemporary account of the ever-widening scope and context of EU private enforcement and is recommended reading for anyone interested in the interplay between national legal procedural systems, enforcement of EU (competition law) rights and the role of the Commission and Court of Justice of in facilitating and harmonizing their effective enforcement.' --Professor Barry J. Rodger, World Competition'Academics and practitioners, judges and arbitrators alike, will find this compendium of scholarly research an invaluable addition to the existing research materials currently available on the often vexed issues, past and present that have emerged in the field of EU competition law.' --Phillip and Elizabeth Taylor, The Barrister MagazineTable of ContentsContents: LITIGATION AND ARBITRATION IN EU COMPETITION LAW Roberto Cisotta and Mel Marquis PART I PRIVATE ANTITRUST ENFORCEMENT AND JUDICIAL COHERENCE IN EUROPE 1. The Antitrust Damages Directive – Much Ado About Nothing? Sebastian Peyer 2. Collective Redress – (Too) Great Expectations? Sonja Keske 3. Judicial Dialogues and Uniformity in the Multi-level Application of EU Competition Law Adelina Adinolfi PART II LITIGATING ANTITRUST AND STATE AID ISSUES BEFORE THE COURTS OF THE EUROPEAN UNION AND THE COURTS OF THE MEMBER STATES Section 1 Antitrust 4. Evaluation of Evidence by the European Courts in Competition Cases Alexandre Geulette 5. The Evolution of the ‘Full Jurisdiction’ of the Union Courts in Article 101 and 102 Matters Renato Nazzini 6. Dura lex sed lex: The Parent-Subsidiary Relationship in EU Antitrust Law and the AEG Telefunken Presumption – Independence of the EU Legal System, Effectiveness of Competition law and Protection of Fundamental Rights Lorenzo F. Pace 7. Judicial Assessment of Anticompetitive Behaviour in Italy Francesco Munari Section 2 State aid 8. Services of General Economic Interest and State Aid in EU Law: The Challenges for the Court of Justice after the ‘Almunia Package’ Daniele Gallo 9. Locus Standi of Natural and Legal Persons before the European Courts in State Aid Cases Edoardo Gambaro, 10. State Aid Cases before National Judges Mario Siragusa and Kostandin Peci PART III EU COMPETITION LAW BEFORE ARBITRATORS 11. Some Considerations on Arbitrability of Competition Law Disputes and Powers and Duties of Arbitrators in Applying EU Competition Law Roberto Cisotta 12. The Interaction between Arbitration and Public Enforcement: Clash or Harmony? Gordon Blanke 13. Review by National Courts of Arbitral Awards Dealing with EU Competition Law Giacomo Biagioni 14. Analysis of Recent Competition Cases Decided by Arbitrators Laura Bergamini Index

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Book SynopsisDue to disagreement between policymakers and innovation economists, antitrust agencies have been rather confused over when and how to use competition law in reference to research and development (R&D) joint ventures and collaborations. This important book dissects the antitrust treatment, in the USA and under EU law, of joint R&D ventures from the 1970s to the present day. It provides a comprehensive analysis of the modifications and amendments made to legal acts and guidelines. It also looks at the slow shift in the scant case law detected both under the antitrust laws of the USA and the competition rules of the EU.Björn Lundqvist demonstrates that the prevailing antitrust policies towards R&D collaborations are very similar in the USA and the EU, and that they both mirror a lenient attitude towards collaboration between competitors. Nonetheless, ultimately, the book shows that a more stringent attitude from the antitrust establishment can be discerned, and that the concept of the innovation market could possibly soon have a revival.This fascinating book caters to both researchers and practitioners in competition law and economics. The easy-to-follow chart and boxes will be particularly useful for practitioners when setting up R&D joint ventures.Table of ContentsContents: 1. Introduction 2. Innovation Economics 3. Research and Development Agreements under US Antitrust Law and EC Competition Rules 4. Innovation Policy to be Implemented Index

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Book SynopsisThe issue of competition law's role in relation to state-owned enterprises is at the center of many discussions of competition law today, especially in regard to China, but in numerous other countries as well. Often the issue is oversimplified as one of mere opposition between state-owned enterprises and the objectives of competition law. That opposition exists, but the issues are often far more complex, and they involve fundamental current developments in the relationship between government and the economy. This book is masterful in identifying the range of issues involved and in analyzing the experiences and tensions in this relationship. It has a broad range, and several of the contributions are exceptionally insightful. All are very useful.'- David Gerber, Illinois Institue of Technology, US'This book is an important and most welcome contribution to the study of state-initiated restraints on competition. It gathers together leading academics in order to recognize and suggest tools to ensure that such restraints do not restrict competition in a way which reduces welfare. Accordingly, the book provides important insights on how to identify such restraints in different settings, some of which are intentional and well recognized and some of which are not. It then suggests principled approaches to reduce such restraints, based, inter alia, on case studies from around the world, including Australia, India, the EU, the US and Brazil. It is highly recommended for anyone interested in the role states play in creating restraints on competition.'- Michal S. Gal, University of Haifa, IsraelThis new book addresses important current problems and challenges arising from a large variety of state-initiated restraints. Beyond state-owned enterprises, rules on government procurement and the control of state subsidies, the contributions also analyze forms of regulation that either distort competition or manage to introduce competition in the market.The contributions of leading competition law scholars cover state-initiated restraints of competition in many jurisdictions, including the US, the EU, Australia, and Asian and Latin American countries.Competition and trade law scholars will find this book both relevant and insightful. Regulators and competition agencies, representatives of international organizations and competition law practitioners will also find this to be an invaluable resource of information from which they can take new inspiration.Contributors: A. Barrionuevo, G. Bercovici, L. Bettencourt Nunes, S. Chakravarthy, T.K. Cheng, C. Curiel Leidenz, J. Drexl, P. Dutra, D. Healey, T. Jaeger, M.M. Leitão Marques, G. Oliveira, R.J.R. Peritz, S. Vezzoso, T. Zuñiga FernándezTrade Review‘The issue of competition law's role in relation to state-owned enterprises is at the center of many discussions of competition law today, especially in regard to China, but in numerous other countries as well. Often the issue is oversimplified as one of mere opposition between state-owned enterprises and the objectives of competition law. That opposition exists, but the issues are often far more complex, and they involve fundamental current developments in the relationship between government and the economy. This book is masterful in identifying the range of issues involved and in analyzing the experiences and tensions in this relationship. It has a broad range, and several of the contributions are exceptionally insightful. All are very useful.’ -- David Gerber, Illinois Institue of Technology, US‘This book is an important and most welcome contribution to the study of state-initiated restraints on competition. It gathers together leading academics in order to recognize and suggest tools to ensure that such restraints do not restrict competition in a way which reduces welfare. Accordingly, the book provides important insights on how to identify such restraints in different settings, some of which are intentional and well recognized and some of which are not. It then suggests principled approaches to reduce such restraints, based, inter alia, on case studies from around the world, including Australia, India, the EU, the US and Brazil. It is highly recommended for anyone interested in the role states play in creating restraints on competition.’ -- Michal S. Gal, University of Haifa, IsraelTable of ContentsContents: Preface PART I STATE-OWNED ENTERPRISES 1. Competitive Neutrality: Addressing Government Advantage in Australian Markets Deborah Healey 2. Petrobràs: State Monopoly and Competition Policy Gilberto Bercovici 3. The Principle of Subsidiarity as the Essential Restriction on Peruvian State Business Activity under Pro-Competitive Conditions Tania Zuñiga Fernández 4. The Competition Dimension of the European Regulation of Public Sector Information and the Concept of an Undertaking Josef Drexl PART II PRO-COMPETITIVE REGULATION 5. Deepening the Freedom of Services Through Pro-Competitive Regulation: The Case of the EU Services Directive Maria Manuel Leitão Marques and Leonor Bettencourt Nunes 6. Abuse of Administrative Monopoly in China Thomas K. Cheng 7. The Competition Policy Dimension of the Regulation of Water and Sanitation Services in Brazil Gesner Oliveira 8. Pro-Competitive Regulation of Personal Data Protection in the EU Simonetta Vezzoso PART II ANTI-COMPETITIVE MARKET INTERVENTION AND REGULATION 9. The Suppression of the Competition Policy Agenda in the Context of an Over-Regulated Economy: The Case of Venezuela Claudia Curiel Leidenz 10. Competition and the Imposition of Investment Targets in the Brazilian Pay-TV Market Arthur Barrionuevo and Pedro Dutra 11. Intellectual Property Rights: From State-Initiated Restraints of Competition to State-Initiated Competition Rudolph J.R. Peritz PART IV PUBLIC PROCUREMENT AND STATE SUBSIDIES 12. Benefits of Competition Policy in Public Procurement with Special Reference to India S. Chakravarthy 13. Distinguishing State and Private Subsidies: A Closer,Look at the State Character Test Thomas Jaeger INDEX

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Book SynopsisThis timely collection guides us to rethink the role of intellectual property law in a shared knowledge environment. Covering a wide range of topics - from smartphone wars to fashion design and from synthetic biology to digital content - this book greatly advances our understanding of open and collaborative innovation.'- Peter K. Yu, Drake University Law School, USInnovation, Competition and Collaboration explores intellectual property (IP) in an era of fast-paced innovation, where private contractual arrangements for shared use of IP are seen to enhance competitive advantage. This timely book examines emerging innovation models and offers a forward-thinking, globalized perspective on critical developments in IP law.As innovation processes become increasingly collaborative, new relationships among players in the innovation space emerge. These developments demand new legal structures that allow horizontally integrated, open and shared use of IP. In this book, expert contributors review fundamental issues surrounding the collaborative use of IP and discuss emerging trends. The topics discussed include: the interpretation of FRAND terms in the context of standard essential patents; secondary liability of technology providers; contractual arrangements in trademark law, and the treatment of IP issues in specific emerging industries.Academics and practitioners alike will find this compelling discussion both informative and pragmatic, benefiting from the insight into how and why, in this modern innovation environment, competitive advantage is not premised solely on IP exclusivity.Contributors: D. Beldiman, M.W. Carroll, S. Dusollier, G. Ghidini, A. Kur, T. Minssen, A. Ohly, A. Stazi, T. Vinje, J. De Werra, J.B. WestedTrade Review‘This timely collection guides us to rethink the role of intellectual property law in a shared knowledge environment. Covering a wide range of topics – from smartphone wars to fashion design and from synthetic biology to digital content – this book greatly advances our understanding of open and collaborative innovation.’ -- Peter K. Yu, Drake University Law School, USTable of ContentsContents: INTRODUCTION Exclusion and Inclusion: The Role of IP Laws in a Shared Knowledge Environment Dana Beldiman PART I THE INTERSECTION OF STANDARDS, FRAND AND COMPETITION LAW 1. Coopetition: The Role of IPRs Gustavo Ghidini and Andrea Stazi 2. FRAND, Hold-up and Hold-out Thomas Vinje 3. Standardization, IPRs and Open Innovation in Synthetic Biology Timo Minssen and Jakob B. Wested PART II PRIVATE ORDERING IN A SHARED KNOWLEDGE ENVIRONMENT 4. Openness in Trademark Law: A Viable Paradigm? Annette Kur 5. Managing the Risks of Intellectual Property Interdependence in the Age of Open Innovation Jacques de Werra 6. Expressive Dimensions of Design: A Question of Incentive? Dana Beldiman PART III ALLOWING FOR CREATIVE SPACE TOWARDS AN OPEN ENVIRONMENT 7. A Positive Status for the Public Domain Séverine Dusollier 8. Why Protecting Internet Service Providers From Liability For Users' Copyright Infringement Has Been A Policy Success Michael W. Carroll 9. Exhaustion of Rights: A Concept for the Digital World? Ansgar Ohly Index

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Book SynopsisThe fundamental goal of competition law is to support productivity and innovativeness; in fact, the short-term effect of enforcement actions is often a reduction in product prices. This comprehensive book reports the findings of consumer market studies into a range of goods and services in developing countries in Africa, Asia and Latin America.These country case studies demonstrate the important role that competition authorities can have in assessing the nature of markets and making recommendations to policymakers to improve them. When competition is weak or compromised, extra costs are imposed on consumers. The authors investigate this issue for a wide range of key markets serving consumers individually or collectively, looking also at the hinterland of the distribution chain behind retail sales. They find a pervasive lack of competition in those markets, which not only softens the incentives on firms to improve the efficiency of their operations and the quality of their products, but also reduces the standard of living of consumers, including poor and vulnerable groups. This book concludes by noting the follow-up actions taken in each country in response to the research recommendations.Graduate students of economics, political science and law will find this book invaluable for its practical case studies, and analysts will find much interest in the nuanced analysis of markets, policy interventions and reform options. Emminently practical, Competition Policies and Consumer Welfare is an ideal resource for competition practitioners and policymakers seeking to improve current competition regimes.Trade Review'This excellent study is a useful and interesting analysis of how competition works at ground level for basic products in poorer countries. As such, it is both a good read and an important contribution to an under researched area.' --Allan Fels, University of Melbourne, AustraliaTable of ContentsContents: 1. Introduction Lahcen Achy and Susan Joekes Section I THE DISTRIBUTION OF FOODSTUFFS 2. An assessment of anticompetitive conduct in the supermarkets sector in Costa Rica Randall Arce Alvarado, Donald Miranda Montes and Guillermo Zúñiga Arias 3. The consumer goods distribution sector in Armenia Karine Poladyan 4. The market in cereals in Mali Oumar Idriss Berthe, Massa Coulibaly, Salifou B. Diarra and Martin Sidibe 5. Production and distribution in the beef, poultry and milk sectors in Zambia Thulasoni Kaira, Samuel Bwalya, Wesley S. Kalapula and Florence Banda Muleya Section II THE DISTRIBUTION OF PHARMACEUTICALS 6. The distribution of pharmaceuticals in Jamaica Kevin Harriott 7. The pharmaceuticals sector in Vietnam Que Anh Pham and Tran Phuong Lan Section III THE DISTRIBUTION OF SERVICES: INTERNATIONAL MONEY TRANSFERS AND TV PROGRAMMES 8. International money transfer services in Uzbekistan Golib Kholjigitov 9. TV distribution services in Argentina Germán Coloma, Federico Bekerman, Cecilia Castets and Marcelo D’Amore Section IV PUBLIC PROCUREMENT 10. Public procurement in India Nitya Nanda, Shiju M.V. and Gaurang Meher Diljun 11. Public procurement in Morocco Lahcen Achy and Susan Joekes Index

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Book SynopsisHow substantive competition rules are enforced plays a crucial role in achieving their goals. This thoughtful book examines procedural issues that have arisen from the increased enforcement of competition law worldwide.Such issues are reviewed by expert contributors in Europe and around the globe. Special attention is paid to certain rights including the right to be heard, the right to defence, the right to protection of business secrets and the right to judicial review. The overarching structure of the book proposes an agenda for the solution of procedural fairness within competition proceedings for the future.This astute work will be a useful point of reference for scholars, practitioners and policy makers alike, who will benefit from the critical insight into how best to attain procedural fairness in the enforcement of competition law.Contributors: A. Arena, C. Beaton-Wells, M. Bernatt, M. Botta, M. De Benedetto, G. Di Federico, A. Foer, C.A. Jones, K. Kowalik-Banczyk, F. Marcos, P. Nihoul, P.J. Pipková, A. Sanchez Graells, T. Skoczny, A. Svetlicinii, L. Tichý, P. Van Cleynenbreugel, D. ZimmerTrade Review‘This book definitely makes an interesting and useful contribution for academic discussion and provides food for thought for law-makers.’ -- European Competition Law Review‘The book contains a varied and thought-provoking set of contributions very useful to the debate on the topic of striking the right balance between effectiveness of competition law enforcement and right to due process. The book is also of great interest to practitioners for the wealth of references to cases and legal arguments used before courts to challenge the fairness of competition law proceedings.’ -- The Competition Law Observatory‘Overall the book is well structured, containing considerable detail and analysis that is supported by case law. It covers a variety of procedural fairness issues in several different contexts both domestically and at an international competition law level. . . it provides some fresh insight for practitioners, researchers and policy makers alike and is a useful window into an area of competition law that deserves attention.' -- Competition and Consumer Law JournalTable of ContentsContents : Preface Paul Nihoul and Tadeusz Skoczny PART I FAIRNESS AND EFFECTIVENESS IN ANTITRUST PROCEEDINGS 1. Substance and Process in Competition Law and Enforcement. Why We Should Care If It’s Not Fair Caron Beaton-Wells 2. Effectiveness through Fairness? ‘Due Process’ as an Institutional Precondition for Effective Decentralised EU Competition Law Enforcement Pieter Van Cleynenbreugel 3. ‘Human Rights’ Protection for Corporate Antitrust Defendants: Are We Not Going Overboard? Albert Sanchez Graells and Francisco Marcos 4. The Emergence of a WTO Antitrust Jurisprudence through Cross-fertilisation from other International Antitrust Institutions: The Case for Procedural Fairness as a Necessary Precondition Amedeo Arena PART II RIGHT TO DEFENSE AND RIGHT TO BE HEARD 5. Competition Enforcement: A Look at Inspections Maria De Benedetto 6. The Role of the Hearing Officer in Antitrust Cases. A Critical Assessment of the New Mandate and Practice after 2011 Giacomo Di Federico 7. An Elusive Convergence – Rights of Defence in Competition Matters in the Jurisprudence of the CJEU Krystyna Kowalik-Bańczyk 8. Into the Parallel Universe: Procedural Fairness in Private Litigation after the Damages Directive Clifford A. Jones 9. Fairness in State Aid Procedure: A Contribution to the Debate on the Right to Participate Luboš Tichý and Petra Joanna Pipková PART III RIGHT TO JUDICIAL REVIEW 10. Competition Law Enforcement: Administrative versus Judicial Systems Daniel Zimmer 11. The Fairness Debate in the US Albert Foer 12. The Right of Fair Trial in Competition Law Proceedings; Quo vadis the Courts of the New EU Member States? Marco Botta and Alexandr Svetlicinii 13. Deferential Standard of Judicial Review in the light of Article 6 of the ECHR Maciej Bernatt Discussion Report (CARS) Index

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Book SynopsisThis timely Research Handbook provides a comprehensive overview and discussion of the substantive competition law provisions of the ASEAN Plus Three region, including Hong Kong and Taiwan. Taking a unique comparative perspective, chapters examine Asian competition laws in relation to the existing laws that served as models for them, analysing how and why they deviate. Expert contributions from both scholars and practitioners provide insight into the complex development of competition law in the region taking into account the growing number of competition law models, changing views on law convergence, enforcement practice and the progression of economic thought. Chapters highlight and explore the special features of these laws as a result, as well as draw conclusions on the perceptions of competition law in different ASEAN member states. Academics in law, economics and public policy with an interest in competition law, both in Asia and more broadly, will find this Research Handbook's insights invaluable. Legal practitioners and policy makers will also find its examination of the major issues in the competition law of the region useful. Contributors include: A.C.M. Chen, T.K. Cheng, M.F. Cheong, Y.S. Choi, A.M. Ditucalan, D. Fruitman, J.O. Haley, S. Hayashi, S. Hongvichit, E.L.E. Khoo, L.H. Luu, X. Ma, B. Ong, M. Songkheang, J.B.C. Teoh, S. Thanitcul, S. Van Uytsel, S.Y. Wahyuningtyas, X. Wang, K. WuTrade Review'This is an important book that brings together many top Asian competition law researchers to identify cutting edge issues in Asian competition law. It offers a critical and nuanced view of the complexities of competition law in the region.' --D. Daniel Sokol, University of Florida Levin College of Law, USTable of ContentsContents: Preface Introduction to the Research Handbook on Asian Competition Law xiii Steven Van Uytsel, Shuya Hayashi and John O. Haley PART I COMPETITION LAW IN ASIA: BACKGROUND PERSPECTIVES 1 Adopting competition law in Asia: an increasingly complex reality 2 Steven Van Uytsel 2 The proliferation of competition law in Asia: from forced adoption to an integration project 25 Steven Van Uytsel PART II EARLY ASIAN COMPETITION LAWS AND THEIR CONTINUOUS SEARCH FOR THEIR IDENTITY: JAPAN, TAIWAN AND KOREA 3 The Japanese competition law in its own way: a historical review of the AMA and its characteristics 44 Shuya Hayashi, Kunlin Wu and Xiaoyu Ma 4 The evolution of fair and free competition law in the Republic of Korea 65 Yo Sop Choi 5 Political, economic and legal driving forces shaping the developmental contours of competition law: the experience of Taiwan 81 Andy C.M. Chen PART III ASIAN COMPETITION LAWS AT A CROSSROAD: INDONESIA, THAILAND AND VIETNAM 6 Indonesian competition law: up for renewal 100 Sih Yuliana Wahyuningtyas 7 Competition law in Thailand: in transition to an operational law 118 Sakda Thanitcul 8 Vietnam’s competition law adoption: from passive to active 134 Ly Huong Luu PART IV EUROPEAN COMPETITION LAW AS THE MAIN SOURCE OF INSPIRATION: SINGAPORE, HONG KONG, MALAYSIA AND CHINA 9 Competition law in Singapore: the first decade 151 Burton Ong 10 Hong Kong competition law and legal transplant 168 Thomas K. Cheng 11 Legal transplant: giving life to Malaysia’s competition regime 181 May Fong Cheong, Joshua Beni Chris Teoh and Esther Li Ean Khoo 12 Retrospective and prospects of China’s Anti-Monopoly Law 209 Xiaoye Wang PART V A FUSION OF DIFFERENT COMPETITION LAW MODELS: THE PHILIPPINES, LAOS, MYANMAR AND CAMBODIA 13 The Philippine competition law dilemma: US–EU fusion to tension? 233 Alizedney M. Ditucalan 14 Competition law in Laos: evaluating its potential for effective enforcement 281 Steven Van Uytsel and Somsack Hongvichit 15 A legal transplant made unnecessarily complex: the Myanmar Competition Law 303 Steven Van Uytsel 16 The journey to the Cambodian competition law 321 David Fruitman and Meng Songkheang Index 337

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Book SynopsisThis book provides a systematic analysis of the law and practice of EU competition/antitrust law and trade regulation in the pharmaceutical sector. Authored by leading private practitioners, economists, scholars and high-profile competition enforcers, this work provides valuable insider knowledge on the application of competition law and policies to the pharmaceutical industry. Key features include: Extensive commentary on the legislation and the latest case law and administrative precedents in the pharmaceutical sector, at both EU and national level Coverage of various key developments including the recent pay-for-delay antitrust investigations, the perennial issues around parallel trade, and an examination of mergers among pharmaceutical companies and medical devices manufacturers In-depth analysis of topics commonly raised in the pharmaceutical sector including: pricing policies, IP life-cycle management, IP licensing and horizontal cooperation agreements Key economic and business perspectives to accompany legal analysis, providing the reader with a rounded view of the subject matter. This book will be a useful resource for lawyers and in-house counsel active in the pharmaceutical sector. The information and analysis provided will prepare readers to take on cases and drive the antitrust review of transactions and agreements within the industry. Researchers, economists and civil servants with an interest in competition law and trade regulation can also benefit from the practical insights provided therein.Trade Review'Impressive and comprehensive. Any practitioner, policy maker or corporate counsel with in an interest in the pharmaceutical industry will find in this book a full overview of the competition and trade issues facing the sector, both from a legal and economic perspective, and covering all the major economies in the world.' --Gunnar Niels, Oxera Consulting LLP, UKTable of ContentsContents: 1. Competition Law and Pharma: An Economic Perspective Benoît Durand 2. Reverse Payments: an EU and U.S. Perspective Frank Maier-Rigaud, Nathan Blalock and Oliver Gannon 3. Article 101 TFEU: Horizontal Cooperation Agreements in the Pharmaceutical Sector Soledad Blanco Thomas, Lilia Luchianov and Thomas Weck 4. The Competitive Assessment of IP Licensing Agreements in the Pharmaceutical Sector Pierre Moullet 5. Article 102 TFEU: Patent filings as an abuse of dominant position after “AstraZeneca”: the patent / antitrust interface under a new perspective Francisco Hernández 6. Mergers in the Pharmaceutical Sector Pablo Figueroa and Alejandro Guerrero 7. Mergers in the Medical Devices Sector Jan Heithecker 8. Antitrust Practices in Pharmaceutical Public Procurement Antonio Minho López 9. EU Trade Law and Pharmaceuticals Pascale Hecker 10. The Pharmaceutical Sector and Parallel Trade Edurne Navarro Varona and Cristina Caballero 11. Free Movement and Competition in the European Market for Pharmaceuticals Pedro Caro de Sousa 12. IP Law and Pharmaceuticals: Patents and Supplementary Protection Certificates in the Pharmaceutical Sector Rais Amils 13. The EU Regulatory Framework for Medical Products for Human Use Marc Martens and Nicolas Carbonnelle 14. Antitrust and the Pharmaceutical Industry in the United States George A. Hay 15. UK Competition and Trade in the Pharma Sector Paula Riedel 16. Competition law and Pharma: China Andrew Foster 17. Competition Law and Pharma: Spain Helmut Brokelmann and Mariarosaria Ganino 18. The Application of Competition Law in the Pharmaceutical Sector: Challenges for BRICS Maria Ioannidou and Ioannis Kokkoris 19. Product Hopping: The U.S. Approach Michael A. Carrier 20. Marketing data in the Pharmaceutical Sector: a competition law consideration Pedro Callol Index

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Book SynopsisFor academics, regulators and policymakers alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. This comprehensive Handbook provides a collection of state-of-the-art chapters to address this issue. Using the latest empirical results from around the world, expert contributors offer a thorough assessment of the quality and reliability of the prevalent measures of competition in banking and finance. The Handbook consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors. This Handbook is an essential resource for students and researchers interested in competition, regulation, banking and finance. Politicians, policymakers and regulators will also benefit from the thorough explanation of the need for anti-trust regulation and identification of the most reliable competition measures.Contributors include: A.N. Berger, J.A. Bikker, W. Bolt, J. Bos, Y.L. Chan, P. Coccorese, M.D. Delis, J. Fernández de Guevara, Z. Fungácová, R. Gropp, I. Hasan, J.P. Hughes, D. Humphrey, L.F. Klapper, S. Kleimeier, C. Kok, S. Kokas, J.W. Kolari, M. Lamers, L. Liu, J. Maudos, L.J. Mester, C.-G. Moon, N. Mylonidis, S. Ongena, B. Overvest, V. Purice, R.J. Rosen, H. Sander, S. Shaffer, L. Spierdijk, D. Titotto, R. Turk-Ariss, G.F. Udell, L. Weill, J. Yuan, M. ZaourasTrade Review‘Bank competition and financial stability are inherent elements of economic growth. This book makes an invaluable contribution to an in depth understanding of this reality.’ -- MFSA NewsletterTable of ContentsContents: Part I. Measurement of financial-sector competition 1. Market power: competition among measures Sherrill Shaffer and Laura Spierdijk 2. The Panzar–Rosse revenue test and market power in banking: an empirical illustration Sherrill Shaffer and Laura Spierdijk 3. Adapting conjectural variations methods to banking competition Bastiaan Overvest 4. Bank risk and competition: the other side of the story Laura Spierdijk and Michalis Zaouras 5. Banking competition, concentration and critical mass: why the Herfindahl–Hirschman Index is a biased competition measure Jaap W.B. Bos, Yee Ling Chan, James W. Kolari and Jiang Yuan Part II. Empirical results on competition in banking and insurance 6. Global developments in banking competition Martien Lamers and Victoria Purice 7. Competition in the European banking markets in the aftermath of the financial crisis Juan Fernández de Guevara and Joaquín Maudos 8. Banking competition in China Zuzana Fungáčová and Laurent Weill 9. Performance of the life insurance industry under pressure: efficiency, competition, and consolidation Jacob A. Bikker Part III. Spill-overs of financial-sector competition 10. Bank competition and financial stability Allen N. Berger, Leora F. Klapper and Rima Turk-Ariss 11. Measuring agency costs and the value of investment opportunities of U. S. bank holding companies with stochastic frontier estimation Joseph P. Hughes, Loretta J. Mester and Choon‐Geol Moon 12. Banking competition and economic growth Paolo Coccorese 13. Shadow banking and competition: decomposing market power by activity Daniele Titotto and Steven Ongena 14. Banking competition and interest rate pass-through Stephanie Kleimeier and Harald Sander Part IV. Competition in banking submarkets and subsectors 15. SME business loans Richard J. Rosen and Gregory F. Udell 16. Competition and price conduct by bank service line Wilko Bolt and David Humphrey 17. Competition and contestability in bank retail markets Reint Gropp and Christoffer Kok 18. Bank market power and loan growth Manthos D. Delis, Iftekhar Hasan, Sotirios Kokas, Liuling Liu and Nikolaos Mylonidis Index

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Book SynopsisFor academics, regulators and policymakers alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However, this is easier said than done. This comprehensive Handbook provides a collection of state-of-the-art chapters to address this issue. Using the latest empirical results from around the world, expert contributors offer a thorough assessment of the quality and reliability of the prevalent measures of competition in banking and finance. The Handbook consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors. This Handbook is an essential resource for students and researchers interested in competition, regulation, banking and finance. Politicians, policymakers and regulators will also benefit from the thorough explanation of the need for anti-trust regulation and identification of the most reliable competition measures.Contributors include: A.N. Berger, J.A. Bikker, W. Bolt, J. Bos, Y.L. Chan, P. Coccorese, M.D. Delis, J. Fernández de Guevara, Z. Fungácová, R. Gropp, I. Hasan, J.P. Hughes, D. Humphrey, L.F. Klapper, S. Kleimeier, C. Kok, S. Kokas, J.W. Kolari, M. Lamers, L. Liu, J. Maudos, L.J. Mester, C.-G. Moon, N. Mylonidis, S. Ongena, B. Overvest, V. Purice, R.J. Rosen, H. Sander, S. Shaffer, L. Spierdijk, D. Titotto, R. Turk-Ariss, G.F. Udell, L. Weill, J. Yuan, M. ZaourasTrade Review‘Bank competition and financial stability are inherent elements of economic growth. This book makes an invaluable contribution to an in depth understanding of this reality.’ -- MFSA NewsletterTable of ContentsContents: Part I. Measurement of financial-sector competition 1. Market power: competition among measures Sherrill Shaffer and Laura Spierdijk 2. The Panzar–Rosse revenue test and market power in banking: an empirical illustration Sherrill Shaffer and Laura Spierdijk 3. Adapting conjectural variations methods to banking competition Bastiaan Overvest 4. Bank risk and competition: the other side of the story Laura Spierdijk and Michalis Zaouras 5. Banking competition, concentration and critical mass: why the Herfindahl–Hirschman Index is a biased competition measure Jaap W.B. Bos, Yee Ling Chan, James W. Kolari and Jiang Yuan Part II. Empirical results on competition in banking and insurance 6. Global developments in banking competition Martien Lamers and Victoria Purice 7. Competition in the European banking markets in the aftermath of the financial crisis Juan Fernández de Guevara and Joaquín Maudos 8. Banking competition in China Zuzana Fungáčová and Laurent Weill 9. Performance of the life insurance industry under pressure: efficiency, competition, and consolidation Jacob A. Bikker Part III. Spill-overs of financial-sector competition 10. Bank competition and financial stability Allen N. Berger, Leora F. Klapper and Rima Turk-Ariss 11. Measuring agency costs and the value of investment opportunities of U. S. bank holding companies with stochastic frontier estimation Joseph P. Hughes, Loretta J. Mester and Choon‐Geol Moon 12. Banking competition and economic growth Paolo Coccorese 13. Shadow banking and competition: decomposing market power by activity Daniele Titotto and Steven Ongena 14. Banking competition and interest rate pass-through Stephanie Kleimeier and Harald Sander Part IV. Competition in banking submarkets and subsectors 15. SME business loans Richard J. Rosen and Gregory F. Udell 16. Competition and price conduct by bank service line Wilko Bolt and David Humphrey 17. Competition and contestability in bank retail markets Reint Gropp and Christoffer Kok 18. Bank market power and loan growth Manthos D. Delis, Iftekhar Hasan, Sotirios Kokas, Liuling Liu and Nikolaos Mylonidis Index

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