Preview

Journal of Modern Competition

Advanced search

Structural Alternatives of the Method of Comparable Markets in Implementing Antitrust Law

EDN: YRQBHJ

Abstract

The basic idea of using comparable markets for antitrust analysis is discussed. The structural alternatives of the method are presented, including the «before-and-after», «yardstick» and «bench-mark» variations, as well as a synthetic method, combining traits of the first three. A link is established between the requirements for the applied method of analyzing comparable markets, the criteria used to determine them and the research objectives - establishing the fact if an excessive or predatory price has been set and estimating the harm from an anticompetitive practice. International practice in applying the method of comparable markets in antitrust is analyzed based on cases from the EU, separate EU countries and the South-African Republic.

About the Authors

A. Shastitko
RANEPA, MSU


S. Golovanova
HSE, Nizhniy Novgorod


References

1. Алешин Д. А., Князева И. В., Сушкевич А. Г. Экономический анализ в практике зарубежного антимонопольного регулирования: монография. Новосибирск: Изд-во НГТУ, 2016. - 246 с.

2. Артемьев И. Ю. Интервью газете «Ведомости», 09.09.2014. URL: http://www.vedomosti.ru/newspaper/ articles/2014/09/09/my-zhe-ne-lopuhi-zdes-sidim-igor-artemev-rukovoditel.

3. Голованова С. В. Концепция сопоставимых рынков в российской антимонопольной практике // Экономическая политика. 2014. № 5. С. 99-115.

4. Павлова Н. С., Баулина А. А., Шаститко А. Е. Защита конкуренции и устойчивое развитие: источники противоречий и возможности гармонизации // Вестник Московского университета. Серия 6: Экономика. 2016. № 2. С. 45-70.

5. Шаститко А. Е. «Сопоставимые рынки» как инструмент антимонопольной политики // Вопросы экономики. 2010. № 5. С. 96-109.

6. Bundesgerichtschof, Case KRB 12/07, judgment of 19 June 2007, WuW/E DE-R 2225 - Papier-groGhandel (Paper Wholesaler).

7. Clark E., Hughes M., Wirth D. Analysis of economic models for the calculation of damages / Study on the conditions of claims for damages in case of infringement of EC competition rules. Ashurst. 2004. URL: http://ec.europa.eu/competition/antitrust/actionsdamages/economic_clean_en.pdf.

8. Competition Tribunal of South Africa. 2014. Case No: 48/CR/Aug10. URL: http://www.comptrib.co.za/assets/Uploads/SCI-EXECUTIVE-SUMMARY-FINAL-05-June-2014-011502.pdf.

9. Connor J. M. Private International Cartels: Effectiveness, Welfare, and Anticartel Enforcement. Purdue University Staff Paper 03-12.2003.

10. Connor J. M. Price-Fixing Overcharges: Revised 3rd Edition (February 24, 2014). Available at SSRN: https://ssrn.com/abstract=2400780 or http://dx.doi.org/10.2139/ssrn. 2400780.

11. Connor J. M. Price-Fixing Overcharges: Legal and Economic Evidence. 2005. Available at SSRN: http://ssrn.com/ abstract=787924.

12. Ezrachi A., Gilo D. Excessive Pricing, Entry, Assessment and Investment - Lessons from the Mittal Litigation. Working paper. 2010.

13. FTC. Roundtable on the quantification of harm to competition by national courts and competition agencies. Note by the Delegation of the United States. 2011. URL: https://www.ftc.gov/sites/default/files/attachments/us-sub-missions-oecd-and-other-international-competition-fo-ra/1102roundtableharm.pdf.

14. Huschelrath K., Schweitzer H. (ed.) Public and Private Enforcement of Competition Law in Europe. Legal and Economic Perspectives. Springer, 2014.

15. Korenblit C. M., Austin S. Quantifying Antitrust Damages - Convergence of Methods Recognized by U. S. Courts and the European Commission // CPI Antitrust Chronicle. 2012. No. 1 (March).

16. Motta M., de StreelA. Exploitative and Exclusionary Excessive Prices in EU Law / In: C-D. Ehlermann and I. Atanasiu (eds.), What Is an Abuse of a Dominant Position? Oxford: Hart Publishing. 2006.

17. Oxera. Quantifying Antitrust Damages: Towards Non-Binding Guidance for Courts (Study prepared for the European Commission). 2009.


Review

For citations:


Shastitko A., Golovanova S. Structural Alternatives of the Method of Comparable Markets in Implementing Antitrust Law. Journal of Modern Competition. 2017;11(2):5-17. EDN: YRQBHJ

Views: 3


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1993-7598 (Print)
ISSN 2687-0657 (Online)