ABA International Antitrust Committee – March 2012 Newsletter
The International Antitrust Law Committee of the American Bar Association has published its March 2012 Newsletter, which includes articles on trends in antitrust enforcement in CEE countries, investigation of cartels in Russia, a note on Ecuador’s Antitrust Act and competition compliance in the EU.
ABA Section of Antitrust Law – Market Definition in Antitrust (March 2012)
The ABA Section of Antitrust Law has published Market Definition in Antitrust: Issues and Case Studies.
From the ABA:
“Market Definition in Antitrust: Issues and Case Studies provides a comprehensive analysis of the issues involved in defining markets in antitrust cases. Market definition is central to most antitrust cases, because determining the existence of market power typically requires the definition of a relevant market. This book will prove a valuable guide to antitrust practitioners and consulting economists who are dealing with market definition.
This book is a thorough and accessible single volume practical guide to the definition of relevant markets and to empirical techniques that have been used in a variety of industries. The first chapter provides an overview of the theoretical concept of a relevant market. The remaining chapters provide industry-specific illustrations of how markets are defined in different contexts. The economic and legal analysis of product market definition has advanced significantly past the simple tests that were put forth in the Supreme Court’s 1962 decision in Brown Shoe Co. v. United States. Similarly, the analysis of geographic markets has come to recognize the limitations of the tests that focus exclusively on shipment patterns.
Data limitations and institutional considerations mean that there is no cookie-cutter approach to market definition that can be applied in all contexts. This book describes modern methods of market definition and analyzes their application in actual cases.”
For more information see:
ABA Section of Antitrust Law – Market Power Handbook: Competition Law and Economic Foundations (March 2012)
The ABA Section of Antitrust Law has published its 2nd edition of the Market Power Handbook: Competition Law and Economic Foundations.
From the ABA:
“Since the publication of the first edition in 2005, questions of how to define and prove market power have continued to be at the forefront of antitrust issues considered in both merger and conduct investigations. Like the first edition, the second edition of The Market Power Handbook provides a comprehensive review of the legal and economic issues that arise in relation to the core antitrust concept of market power. It is designed to serve as a nontechnical resource rather than an economic text, but nonetheless provides an introduction to and summary of the economic concepts that are critical to an understanding of market power.
The Handbook begins with the definition of market power and an introduction to the role market power plays in plays in cases brought under the principal antitrust statutes. Following chapters discuss the fundamental economic doctrines related to market power, the role of market power in market definition, and the measurement and interpretation of market shares and market concentration. The Handbook concludes with chapters discussing the characteristics of markets (such as differentiated products and barriers to entry) that affect the ability of firms to attain or exercise market power.
Included in the Handbook are extensive discussions of issues such as the determination of whether market power exists in narrow product markets (often referred to as ‘submarkets’), the use of market power screens, ‘lock in’ as a source of market power, and the analysis of market power in network markets. The second edition is updated to include discussions of the new 2010 Merger Guidelines and reflect the latest case law involving the issue of market power.”
For more information see:
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