Dynamic markets, dynamic competition and dynamic enforcement : the impact of the digital revolution and globalisation on competition law enforcement in Europe

Résumé

Recueil de contributions qui analysent la dynamique des marchés, la politique de compétitivité dans le cadre de la mondialisation à l'ère de la révolution numérique. Les transformations des pratiques, le développement des stratégies concurrentielles mises en oeuvre, l'impact des innovations et l'évolution de la législation dans ce domaine sont étudiés. ©Electre 2018

Contributeur(s)
Éditeur(s)
- Bruylant
Date
- 2018
Notes
- En anglais
Langues
- Français
Description matérielle
- 1 vol. (265 p.) : illustrations en noir et blanc ; 24 x 17 cm
Collections
- GCLC annual conference series
Sujet(s)
Lieu
- Europe
ISBN
- 978-2-8027-6055-9
Indice
- 341.95 Droit du commerce international, droit des affaires
Quatrième de couverture
- Dynamic Markets, Dynamic Competition and Dynamic Enforcement
  This volume contains written accounts of a number of contributions to the 12^th GCLC Annual Conference dedicated to « Dynamic Markets and Dynamic Enforcement : which competition policy for a world in flux ? », held in Brussels on 26-27 January 2017. Like the conference, this volume explores the existence of a connection between : (i) technological changes (« digitization ») ; (ii) transformations in market dynamics and business strategies ; (iii) challenges to and evolutions in the application of competition principles ; and (iv) innovations in enforcement strategies, with possible second-order effects of these novel enforcement strategies on the conduct of proceedings and decisional outcomes. Structured in two parts, this volume discusses successively the interactions between the expansion of dynamic markets and the application of substantive competition principles, on the one hand, and the design of enforcement practices, on the other hand. Hence, together with conceptual reflections on the state of EU competition law enforcement in the new digital ecosystem, the contributions included in this volume discuss topics such as the relationship between competition and innovation, the specificities of multisided markets, how big data may affect market power, the benefits and limitations of the settlement and commitment procedures, due process issues related to the involvement of third-parties in competition enforcement, as well as the role of judicial review in dynamic enforcement contexts.
Tables des matières
- - Dynamic Markets, Dynamic Competition and Dynamic Enforcement
  - The impact of the digital revolution and globalisation on competition law enforcement in Europe
  - Damien Gerard
  - Eric Morgan de Rivery
  - Bernd Meyring
  - bruylant
  - Foreword11
  - Restoring confidence in a world in flux : the contribution of competition policy and enforcement19
  - By Johannes Laitenberger
  - Part 1
    Dynamic markets and dynamic competition
  - Competition, innovation and competition law : dissecting the interplay33
  - By Wolfgang Kerber
  - I. Competition and innovation : a difficult and complex relationship35
  - A. The problem of static concepts in competition law and economics35
  - B. Competition and innovation : what do we know ?38
  - C. Consequences for the application of competition law44
  - II. Towards more innovation-specific assessment approaches in competition law45
  - A. Market definition and the problem of the identification of the relevant innovation competitions46
  - B. Looking at resources as preconditions for innovation : a suggestion49
  - The economics of dynamic markets : a focus on merger control63
  - By Pascale Dechamps and Ilaria Fanton
  - I. Innovation and competition in economic theory65
  - A. What differentiates static and dynamic efficiencies ?65
  - B. What is the link between innovation and competition in general ?67
  - C. What are the implications for competition law enforcement ?69
  - II. The framework for merger assessment in dynamic markets70
  - A. How to identify the relevant mergers for merger control ?70
  - B. How to define markets in innovative or dynamic sectors ?71
  - C. What are the tools for assessing mergers in dynamic markets ?72
  - D. How to address findings of anticompetitive effects in dynamic markets ?74
  - III. Lessons from recent merger assessment in dynamic markets75
  - A. How is innovation taken into account when mergers take place in traditional (but innovative) markets ?75
  - B. How is innovation taken into account when mergers take place in digital markets ?77
  - The emerging high court jurisprudence on the antitrust analysis of multisided platforms81
  - By David S. Evans
  - I. What makes matchmakers different ?82
  - II. High Court decisions on platforms85
  - A. American Express85
  - B. Groupement des Cartes Bancaires87
  - C. Mastercard89
  - D. Google Maps91
  - E. Tencent92
  - Big data and market power97
  - By Alexandre de Streel
  - I. The Big Data value chain97
  - A. Data collection98
  - B. Data storage and cloud compunting99
  - C. Data analytics and use100
  - D. The broader context101
  - II. Dataset and market power102
  - A. Data collection102
  - 1. Costs of collecting data102
  - 2. Antitrust assessment of data availability and replicability103
  - B. Data analysis105
  - 1. Volume of data : the economies of scale105
  - 2. Variety of data : the economies of scope106
  - 3. Depreciation value of data and velocity of the analysis107
  - 4. Artificial intelligence108
  - C. Relationships between data collection and analysis108
  - III. Recommendations for competition agencies111
  - Twenty years of competition law enforcement in digital markets : a prospective retrospective113
  - By Cecilio Madero
  - Part 2
    Dynamic markets and dynamic enforcement
  - From dynamic markets to dynamic enforcement : the ubiquity and limits of competition policy in a world in flux121
  - By Pablo Ibanez-Colomo
  - I. The supply of competition law intervention : evolution and trends124
  - A. Innovation-intensive industries as a policy priority124
  - B. The evolving relationship between competition law and intellectual property127
  - 1. Deference to intellectual property regimes as the rule127
  - 2. The progressive move away from deference129
  - C. The rise of innovation considerations131
  - D. The revival of excessive pricing133
  - II. Explaining the expasion of competition law intervention135
  - A. Substantive factors135
  - 1. Nature of innovation-intensive industries135
  - 2. The disruptive effects of innovation137
  - 3. Limits of regulatory regimes139
  - B. Institutional factors140
  - 1. Frequency of litigation140
  - 2. The nature of litigation142
  - 3. The rise of a global market for ideas144
  - III. What limits to competition law intervention ?145
  - A. The importance of the counterfactual146
  - B. A cautious approach to business models148
  - C. The importance of foreclosure in vertical and conglomerate settings150
  - D. Competition law and consensus positions152
  - The effectiveness of dynamic enforcement
  - Eu cartel settlement procedure in its 10th year : experience and challenges157
  - By Kris Dekeyser and Jindrich Kloub
  - I. Brief overview of the cartel settlement procedure158
  - II. Full/hybrid settlements (parallel and staggered)162
  - III. Challenging a settlement decision before the CJEU166
  - Settlement 2.0 : testing the limits of dynamic enforcement ?171
  - By Rafique Bachour and Joanna Kay
  - I. The rationale of the EU settlement procedure for cartels171
  - II. The settlement procedure in practice : a dynamic enforcement tool ?172
  - A. An innovative and flexible tool172
  - B. Remaining challenges and potential abuses174
  - 1. Hybrid cases174
  - 2. Appeals177
  - 3. Damage claims178
  - III. Settlement 2.0 : rewarding cooperation in other antitrust fields179
  - A. Experience at EU leval179
  - B. Settlements in antitrust cases at national level183
  - 1. Belgium183
  - 2. France183
  - 3. Germany184
  - C. Is settlement a suitable tool for other practices ?184
  - To commit or not to commit : does the EU article 9 commitment procedure achieve optimal outcomes ?187
  - By Peter D. Camesasca and Laurie-Anne Grelier
  - I. The original script : commitments as a supporting enforcement role189
  - II. The success story : a popularity beyond expectations191
  - A. In terms of the range of matters addressed192
  - B. In terms of the expected efficiencies192
  - III. The sidelines : the EU commitment process hostage of its success ?194
  - A. Some potentiel for regulatory instrumentalization195
  - B. Some potential for instrumentalization to serve private interests197
  - IV. The epilogue : does the Article 9 route need to revise its act ?198
  - Dynamic enforcement and due process
  - On due process and judicial review : a primer205
  - By Carl baudenbacher
  - Due process in dynamic enforcement : the role of third parties in dynamic cases209
  - By Ief Daems
  - I. Role of third parties in terms of information gathering210
  - II. Role of third parties in settlement and commitment procedures212
  - III. Role of third parties in policy making213
  - IV. Role of third parties in courts214
  - Dynamic enforcement and the role of the judiciary
  - Judicial review : which standards to control dynamic enforcement outcomes217
  - By Jérémie Jourdan
  - I. Judicial review of decisions finding an infringement and imposing fines218
  - A. The central role of judicial review in the EU system of antitrust enforcement218
  - B. The applicable standard of judicial review in the EU220
  - 1. Review of legality221
  - (i) The standard of review 221
  - (ii) Legality review in practice 226
  - 2. Unlimited jurisdiction with respect to fines235
  - (i) The standard of review 235
  - (ii) Unlimited jurisdiction in practice 237
  - (iii) Fine reductions granted by the GC 239
  - II. Review of settlement decisions240
  - A. Standard of review240
  - B. Past cases241
  - III. Review of commitment decisions243
  - A. Standard of review244
  - B. Interests of third parties247
  - IV. Ongoing challenges248
  - A. Procedural issues249
  - B. Speed of judicial review250
  - C. Scarcity of judicial review252
  - Optimal competition policy for a dynamic world : the perspective of the judiciary257
  - By Marc Jaeger
  - I. Dynamic markets : a challenge for the « Review » ?257
  - A. The case-law and its value as « precedent » called into question ?258
  - 1. Different facts, different law258
  - 2. Case-law as guidelines259
  - B. Legal certainty ensured by the standard of review260
  - 1. Adaptability given by the control of legality260
  - 2. Flexibility under unlimited jurisdiction261
  - II. Dynamic enforcement : a challenge for the « Reviewer » ?262
  - A. Witnesses of the end of a world262
  - B. A new era has begun263
Origine de la notice:
- Electre