by 21st Century Competition | May 8, 2014
The merger control procedure under EC law is laid down in the merger regulation, and in the implementing regulation. The merger regulation confers on the Commission the sole authority to assess concentrations with a Community dimension. Concentrations, which meet the...
by 21st Century Competition | May 8, 2014
Market situation with a single supplier (monopolist) who — due to the absence of competition — holds an extreme form of market power. It is tantamount to the existence of a dominant position. Under monopoly, output is normally lower and price higher than under...
by 21st Century Competition | May 8, 2014
Every country that is party to a cooperation agreement guarantees to take account of the important interests of the other parties to the agreement when applying its own competition law. See comity, positive comity. Source: Glossary of terms used in EU competition...
by 21st Century Competition | May 8, 2014
Network effects arise when a product is more valuable to a user, the more users adopt the same product or compatible ones. Economists refer to this phenomenon as a network externality, because when additional consumers join the network of current consumers they have a...
by 21st Century Competition | May 8, 2014
Contractual clause bringing about a direct or indirect obligation causing the parties to an acquisition agreement, or at least one of them, not to manufacture, purchase, sell or resell independently goods or services which compete with the contract goods or services....
