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Increased concentration and rising market power require new rules. Market investigations are necessary to complement existing regulations.
List of contents
1. Market investigations in the EU: A road map Massimo Motta, Martin Peitz, and Heike Schweitzer; 2. Intervention triggers and underlying theories of harm Massimo Motta and Martin Peitz; 3. A European market investigation: Institutional set up and procedural design Heike Schweitzer; 4. The integration of wide and narrow market investigations in EU economic law Pierre Larouch and Alexandre de Streel; 5. Market investigations in the UK and beyond Richard Whish; 6. Market inquiries in South Africa: Meeting big expectations? Trembinkosi Bonakele, Reena das Nair, and Simon Roberts; 7. An Economic evaluation of the EC's proposed "New competition tool" Gregory Crawford, Patrick Rey, and Monika Schnitzer; 8. Market investigations for digital platforms: Panacea or complement? Amelia Fletcher.
About the author
Massimo Motta is the author of Competition Policy: Theory and Practice (Cambridge University Press, 2004), and the co-author of Exclusionary Practices. The Economics of Monopolisation and Abuse of Dominance (Cambridge University Press, 2018). He was the Chief Competition Economist of the European Commission from 2013 to 2016.Martin Peitz is the co-author of Industrial Organization: Markets and Strategies (Cambridge University Press, 2nd edition 2015) and The Economics of Platforms: Concepts and Strategy (Cambridge University Press, 2021). He is Co-Director of the Mannheim Centre for Competition and Innovation (MaCCI).Heike Schweitzer was one of three special advisors to Commissioner Vestager on future challenges of digitisation for competition policy and co-authored the report on Competition policy for the digital era. She co-chaired the German governmental Commission Competition Law 4.0 and advised the German Economic Ministry on the reform of the regime of abuse control in the context of the 10th amendment to the German Competition Law.
Summary
Competition agencies and policymakers all over the world are considering how to change market rules to deal with the increasing market power of firms. Market investigations are a fundamental tool in this strategy. The timely book will inform practitioners, academics, lawyers and economists alike about this tool.
