Market Investigations: A New Competition Tool for Europe?

Market investigations are needed to address the increasing market power of dominant firms, which existing competition laws and regulations have failed to challenge. This book provides an invaluable tool for practitioners and academics to intervene in markets with market features such as network effects, scale economies, switching costs, and behavioral biases.

Format: Hardback
Length: 300 pages
Publication date: 06 January 2022
Publisher: Cambridge University Press

The dominance of large firms in various economic sectors, particularly the digital industries, has been on the rise, with minimal challenges from competitors. Existing competition laws and regulations have failed to create a more competitive market environment. In his book, the author argues for the introduction of market investigations as a new tool to address this issue. Market investigations empower authorities to intervene in markets that fail to function optimally due to market characteristics such as network effects, scale economies, switching costs, and behavioral biases.

The book provides a comprehensive explanation of market investigations, assesses their effectiveness in the few jurisdictions where they are in place, and proposes guidelines for their design. By offering valuable insights and timely guidance to practitioners and academics alike, the book serves as an indispensable resource for addressing the challenges of market dominance and promoting a more competitive economy.

The rise of dominant firms in various economic sectors, particularly the digital industries, has been a significant concern. Existing competition laws and regulations have struggled to create a more competitive market environment. In his book, the author argues for the introduction of market investigations as a new tool to address this issue. Market investigations empower authorities to intervene in markets that fail to function optimally due to market characteristics such as network effects, scale economies, switching costs, and behavioral biases.

The book provides a comprehensive explanation of market investigations, assesses their effectiveness in the few jurisdictions where they are in place, and proposes guidelines for their design. By offering valuable insights and timely guidance to practitioners and academics alike, the book serves as an indispensable resource for addressing the challenges of market dominance and promoting a more competitive economy.

The dominance of large firms in various economic sectors, particularly the digital industries, has been on the rise, with minimal challenges from competitors. Existing competition laws and regulations have failed to create a more competitive market environment. In his book, the author argues for the introduction of market investigations as a new tool to address this issue. Market investigations empower authorities to intervene in markets that fail to function optimally due to market characteristics such as network effects, scale economies, switching costs, and behavioral biases.

The book provides a comprehensive explanation of market investigations, assesses their effectiveness in the few jurisdictions where they are in place, and proposes guidelines for their design. By offering valuable insights and timely guidance to practitioners and academics alike, the book serves as an indispensable resource for addressing the challenges of market dominance and promoting a more competitive economy.

Weight: 740g
Dimension: 159 x 235 x 30 (mm)
ISBN-13: 9781316513163