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1 Cnpetition aw: poy perpetives Int rodction Scase study: the de avilland decision of the European Commission 6 3 The demands of a workable competition policy 5 4 Concusion 18 2 The core values of EC compeition aw in flux 20 I Introduction 20 2 Competitio as economic reedom 22 3 he single market 39 4Economic efficiency 44 5 The changing rlationship among core values 48 6 The transformation thesis so ar 51 3 Economis and ompetitin law 53 1 Introduction 53 2 Shared premises 55 3 The Structure-Condct-Performance paradigm 57 4 The Chicago School 63 SThe post-Chicago paradigm 68 6 The effect of economics on law in US antitrust: a synthesis 73 7 European competition policy and economics 79 8 Economics in competiton law: opportunities and limitations 87 4 Competition law and publi p y 89 Introduction 89 2 Environmental policy 91 3 Industrial policy 94 4 Employment policy 96 5 Consumer policy9 6 Culture 0 7 National interests 11 8 Placing competition policy in the context of EU poiicies 9 The future of public policy considerations 1 Market power 24 1 Four concepts of market power 24 2 Dominancein EC competiton law 2 3 Measuring marke power30 4 Market power n aftermarkets 18 5 Product differentiation and market power: the rrelevance o market definition 150 6 Market power in Article 8i 53 "7 From commercial power to market power Abuse of a dominant position. anicompetitive exclusion 9 1 Introduction 1 2 Why penalise the abuse of a dominant position? BA/Virgn as a case study 6 3 Excluding rivals 3 4 Harm to other market participants 19 5 Market-partitioning abuses 9 6 Defences 2 7 Conclusion: Article 82 redux 7 Abuse of a dominant position: from competition poky to sectorspecific regulation 21 1 Introduction 1 2 Exploitative abuse17 3 Refusal to cooperate with competitors223 4 Regulatory competition law 2 8 Merger poliy24 I Introduction 2 2 Horizontal mergers: singlefirm dominance 25 3 Market power without dominance? 25 4 Vertical mergers 2. 4 5 Conglomerate mergers 7 6 Merger remedies83 7 Widening the aims of merger poliy? 9 8 A European merger policy? 30 9 Oligopoly markets 308 I Introduction 308 2 Merger control 311 3 Express collusion 324 STacit collusion 334 5 Conclsion: unenforceable competii on 344 10 Distribution agreements 346 1 Introduction 37 2 The economic debate 38 3 Community policy towards vertical restraints 357 i Market integration in the regulation of distribution agreements 363 5 Indivdual appraisal under Article 81 366 6 Distributors' power 372 7 The politics of distribution the car sector 384 8 Cnclusion 390 11 nstitutions: who enforces competition law? 392 I Introduction 392 2 The background to moderniation 395 3 The new enforcement structure 409 4 Side effects 419 5 Private enforcement 424 6 The challenges of institutional resettlement 438 12 Compeition law and libernisation 440 1 Introduction 441 2 Initiating liberalisation 42 3 Introducing competition n network industries 45 4 Re-regulation 463 5 Sector-specific competition law 474 6 Public services 485 7 More markets, more law 494 13 Condusions 497 I institutions 497 2 Economics 500 3 Politics 503