Upstream market

Market at the previous stage of the production/distribution chain, for example, the production, distribution and marketing of motor vehicles would be an upstream market in relation to the sale of motor vehicles to final consumers. Source: Glossary of terms used in EU...

Variable costs

Costs that vary with the amount of production. Examples are the costs of material and energy used in the production process. Source: Glossary of terms used in EU competition policy, Antitrust and control of concentrations, European Commission, 2002 Share...

Vertical agreement

Agreement or concerted practice entered into between two or more undertakings each of which operates, for the purposes of the agreement, at a different level of the production or distribution chain, and relating to the conditions under which the parties may purchase,...

Verticals block exemption

Originally published at:  http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2010:102:0001:01:EN:HTML Commission Regulation (EU) No 330/2010 of 20 April 2010 on the application of Article 101(3) of the Treaty on the Functioning of the European Union to...

White clause

Provision contained in certain block exemption regulations, listing agreements or practices that are presumed not to prevent, restrict or distort competition within the common market and that are therefore generally considered compatible with EC competition law. The...