The Concept of the Relevant Product Market: Between Demand-Side Substitutability and Supply-Side Substitutability in Competition Law Contributor(s): Säcker, F. J. (Editor), Säcker, Franz Jürgen (Author) |
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ISBN: 3631579349 ISBN-13: 9783631579343 Publisher: Peter Lang Gmbh, Internationaler Verlag Der W OUR PRICE: $48.74 Product Type: Paperback Published: June 2008 |
Additional Information |
BISAC Categories: - Law | Business & Financial - Business & Economics | Economic History |
Dewey: 340.11 |
LCCN: 2008500304 |
Series: Veroeffentlichungen Des Instituts Fuer Deutsches Und Europae |
Physical Information: 168 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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 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. |