by 21st Century Competition | May 7, 2014
Arrangement(s) between competing firms designed to limit or elimi- nate competition between them, with the objective of increasing prices and profits of the participating companies and without produc- ing any objective countervailing benefits. In practice, this is...
by 21st Century Competition | May 7, 2014
Association that collects payments made by users of intellectual property rights for the holders of such rights. For instance, a radio station, playing a record for which a record company holds a copy- right, has to pay a fee to a collecting society, which then...
by 21st Century Competition | May 7, 2014
Collusion refers to the coordination of firms’ competitive behaviour. The likely result of such coordination is that prices rise, output is restricted and the profits of the colluding companies are higher than they would otherwise be. Collusive behaviour does not...
by 21st Century Competition | May 7, 2014
Principle applied in the field of international cooperation on competition policy. By negative comity, 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...
by 21st Century Competition | May 7, 2014
Interpretative text adopted by the Commission in order to facilitate the application of competition rules and to provide for transparency and legal certainty with regard to the Commission’s administrative practice. These texts are sometimes also referred to as...
