Archive for July, 2014
Jueces, Derecho de la Competencia y Economía (Judges, Antitrust Law and Economics) by Juan Delgado.
Nada es Gratis, un blog de economía casi siempre en español.
The recent decision of the European General Court (EGC) on the Intel case is a serious setback to the role of economic analysis in EU antitrust. Although the conclusions of EGC coincide with those of the European Commission, the means to reach them differ. The EGC considers the economic analysis conducted by the Commission superfluous and bases its argument on a purely formal analysis. This means that not only the enforcement of antitrust law in Europe moves away from the international standard, but also it jeopardizes the ultimate goal of competition policy: to promote competition for the benefit of consumers.