The course aims at providing students with the knowledge and basic tools to understand limits set by the legal system to protect an open and competitive market environment. After completing the course, students should be able to understand and analyze the main legal and economic issues raised by firms’ strategic decisions and commercial practices under competition rules.
The first part of the course concerns the origins and objectives of competition law and policy, the evolution of economic theory, the relationship between antitrust and regulation and the assessment of market power. The following parts focus on the legal and economic analysis of the main possible anticompetitive practices (restrictive agreements, abuses of dominant position and concentrations) as well as of public and private enforcement systems.
Geradin, Layne-Farrar, Petit, EU Competition Law and Economics, Oxford University Press, 2012
Lianos, Geradin, Handbook on European Competition Law - Substantive Aspects, Edward Elgar, 2013
Economic analysis of law.
Analysis of cases.
Written exam, open book, based mainly on the analysis of cases.