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Antitrust Enforcement in Europe in the Last 25 Years: Developments and Challenges

Author

Listed:
  • Yannis Katsoulacos

    (Athens University of Economics and Business)

  • Galateia Makri

    (Athens University of Economics and Business)

  • Eleni Metsiou

    (Athens University of Economics and Business)

Abstract

We review all of the main developments that have influenced the way in which antitrust has been enforced in Europe in the last 25 years. We also provide a detailed quantitative description and assessment of the evolution of enforcement in Europe with the use of a unique dataset that is utilized for the first time: all DGCOMP antitrust decisions in the period 1992–2016. Further, we examine and offer explanations as to why there is still significant divergence in the approach to antitrust enforcement between the EU and other mature jurisdictions—particularly in the enforcement of Article 102.

Suggested Citation

  • Yannis Katsoulacos & Galateia Makri & Eleni Metsiou, 2019. "Antitrust Enforcement in Europe in the Last 25 Years: Developments and Challenges," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 55(1), pages 5-26, August.
    • Handle: RePEc:kap:revind:v:55:y:2019:i:1:d:10.1007_s11151-019-09698-2
    DOI: 10.1007/s11151-019-09698-2
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    References listed on IDEAS

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    1. Gual, Jordi & Hellwig, Martin & Perrot, Anne & Polo, Michele & Rey, Patrick & Schmidt, Klaus M. & Stenbacka, Rune, 2005. "An Economic Approach to Article 82 - Report by the European Advisory Group on Competition Policy," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 82, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    2. Michael R. Baye & Joshua D. Wright, 2011. "Is Antitrust Too Complicated for Generalist Judges? The Impact of Economic Complexity and Judicial Training on Appeals," Journal of Law and Economics, University of Chicago Press, vol. 54(1), pages 1-24.
    3. Yannis Katsoulacos, 2019. "On the choice of legal standards: a positive theory for comparative analysis," European Journal of Law and Economics, Springer, vol. 48(2), pages 125-165, October.
    4. Jordi Gual & Núria Mas, 2011. "Industry Characteristics and Anti-Competitive Behavior: Evidence from the European Commission’s Decisions," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 39(3), pages 207-230, November.
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    7. Yannis Katsoulacos & Eleni Metsiou & David Ulph, 2016. "Optimal Substantive Standards for Competition Authorities," Journal of Industry, Competition and Trade, Springer, vol. 16(3), pages 273-295, September.
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    Cited by:

    1. Fotis, Panagiotis & Tselekounis, Markos, 2020. "Optimal Reduction of Cartel Fines induced by the Settlement Procedure," MPRA Paper 99154, University Library of Munich, Germany.

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    More about this item

    Keywords

    Antitrust; Enforcement; European competition policy;
    All these keywords.

    JEL classification:

    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

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