Fundamentals of Competition Law
The aim:
1. Showing horizontal and vertical anticompetitive agreements prohibited by Art. 101 TFEU.
2. Clarification of the scope of permitted agreements between entrepreneurs.
3. Introducing students to instruments used by EU Commissions in the assessment abuse of dominance.
4. Introducing students into a variety of merger transactions and the essence of merger control.
Acquired knowledge:
1. The student identifies anticompetitive practices.
2. The student is able to characterize abuse of dominance (pricing and non-pricing practices).
3. The student can differentiate concentration that must be notified to the EU Commission and that not.
Acquired skills:
1. The student determines relevant product and geographic market.
2. The student evaluates, when entrepreneurs behaviour restrict competition on the relevant market.
3. The student predicts sanctions put on companies, that breach competition rules.
Acquired social skills:
1. The Student understands and apperciates the importance of competition in the economy.
2. The Student indicates product and geographic relevant market.
3. The student is able to determine a degree of market concentration.
4. The Student appreciates the need to control concentrations between companies.
Course contents:
1. Agreements, decisions and concerted practices.
2. Horizontal and vertical agreements.
3. Legal exeptions.
4. Establishing dominace: market power, market definition, assessing the existecne of market power.
5. Categories of abuses of dominance.
6. The scope of merger control in the EU law.
7. Substantial appraisal of concentration by the EU Commission.
Recommended reading:
1. Competition Law and Economic Regulation: Making and Managing Markets, N. Dunne, Cambridge University Press. Cambridge 2015.
2. EC competition law: an analytical guide to the leading cases, A. Ezrachi, Hart Publishing. Portland, 2014.
Additional reading:
1. EU Merger Control. A Legal and Economic Analysis, J. Kokkoris, D. Shelansky, Oxford University Press. Oxford 2014.
2. Competiton Law, Richard Wish, Oxford University Press. Oxford 2012.
3. The EU Law of Competiton, Jonathan Faull, Ali Nikpay, Oxford University Press. Oxford 2014.