IDEAS home Printed from https://ideas.repec.org/a/oup/jcomle/v12y2016i1p181-208..html
   My bibliography  Save this article

The Market Economy Investor Principle: Lessons Learned From The Ciudad De La Luz Case

Author

Listed:
  • Adina Claici
  • Georges Siotis
  • Obhi Chatterjee
  • Oliver Stehmann

Abstract

This article analyses the principles applied by the European Commission in the state aid case Ciudad de la Luz. We first review how Market Economy Investor Principle (MEIP) has been applied in concrete state aid cases. We then briefly describe the market for large studios as well as the facts pertaining to the Ciudad de la Luz. Based on the information gathered by the European Commission during the investigation, we show how it is possible to make use of financial theory to apply the MEIP in that particular case. Given the level of in-depth economic and financial assessment performed by the Commission and the subsequent endorsement received by the General Court of the EU, this decision is likely to set an important standard for future investigations into the Market Economy Investor Principle.

Suggested Citation

  • Adina Claici & Georges Siotis & Obhi Chatterjee & Oliver Stehmann, 2016. "The Market Economy Investor Principle: Lessons Learned From The Ciudad De La Luz Case," Journal of Competition Law and Economics, Oxford University Press, vol. 12(1), pages 181-208.
    • Handle: RePEc:oup:jcomle:v:12:y:2016:i:1:p:181-208.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/joclec/nhv040
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jcomle:v:12:y:2016:i:1:p:181-208.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/jcle .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.