The Concept of the Relevant Product Market Between Demand-Side Substitutability and Supply-side Substitutability in Competition Law |
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| Author:
| Säcker, Franz Jürgen |
| Series title: | Veröffentlichungen des Instituts für deutsches und europäisches Wirtschafts-, Wettbewerbs- und Regulierungsrecht der Freien Universität Berlin Ser. |
| ISBN: | 978-3-631-57934-3 |
| Publication Date: | Apr 2008 |
| Publisher: | Peter Lang GmbH, Internationaler Verlag der Wissenschaften
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| Book Format: | Paperback |
| List Price: | AUD $66.95 |
Book Description:
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The proper definition of the relevant product market still is the lynchpin of competition law: defining the market too wide makes it impossible to capture the companies' behavioural margins that are the result of market power and are not neutralized by competition; defining the market too narrow creates market power and forces undertakings under the application of Art. 82 EC, Art. 2 ECMR, § 19 German Competition Act. In European and German competition law the aspect of demand-side...
More DescriptionThe proper definition of the relevant product market still is the lynchpin of competition law: defining the market too wide makes it impossible to capture the companies' behavioural margins that are the result of market power and are not neutralized by competition; defining the market too narrow creates market power and forces undertakings under the application of Art. 82 EC, Art. 2 ECMR, § 19 German Competition Act. In European and German competition law the aspect of demand-side substitutability has been the most important criterion. The meaning of potential competition and especially of supply-side substitutability has not been systematically grasped. The book therefore re-thinks the relevant questions of proper market definition.