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Excessive Pricing and Competition Law Enforcement

  • Book
  • © 2018

Overview

Editors:
  1. Yannis Katsoulacos

    1. Athens University of Economics and Business, Athens, Greece

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  2. Frédéric Jenny

    1. École Supérieure des Sciences Économique, Cergy-Pontoise, France

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  • Examines how competition law enforcement can be used to combat excessive pricing
  • Highlights economic arguments for and against the prohibition of excessive or unfair prices
  • Discusses policy options that can be used to fight monopolies and market dominance
  • Offers case studies on the EU, Israel and the BRICS countries

Part of the book series: International Law and Economics (ILEC)

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-v
    Download chapter PDF

  2. Introduction

    • Frederic Jenny, Yannis Katsoulacos
    Pages 1-3

  3. Abuse of Dominance by Firms Charging Excessive or Unfair Prices: An Assessment

    • Frederic Jenny
    Pages 5-70

  4. Another Look at the Economics of the UK CMA’s Phenytoin Case

    • John Davies, Jorge Padilla
    Pages 71-97

  5. A Coherent Approach to the Antitrust Prohibition of Excessive Pricing by Dominant Firms

    • David Gilo
    Pages 99-126

  6. Antitrust Enforcement of the Prohibition of Excessive Prices: The Israeli Experience

    • Yossi Spiegel
    Pages 127-158

  7. Working Out the Standards for Excessive Pricing in South Africa

    • Liberty Mncube, Mfundo Ngobese
    Pages 159-172

  8. The Brazilian Experience with Excessive Pricing Cases: Hello, Goodbye

    • E. P. Ribeiro, C. Mattos
    Pages 173-187

  9. Enforcement Against Excessive Pricing in the Russian Federation

    • Svetlana Avdasheva, Dina Korneeva
    Pages 189-210

  10. Anti-monopoly Cases on Unfair Pricing in China

    • Xiao Fu, Heng Ju
    Pages 211-229

  11. Excessiveness of Prices as an Abuse of Dominant Position: The Case of India

    • Augustine Peter, Neha Singh
    Pages 231-284
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Keywords

About this book

This volume examines the controversy surrounding the use of competition law to combat excessive pricing. While high or monopolistic pricing is not regarded as an antitrust violation in the US, employing abuse of dominance provisions in competition laws to fight excessive pricing has gained popularity in some BRICS jurisdictions and a number of EU-member states in recent years. The book begins by discussing the economic arguments for and against the prohibition of excessive or unfair prices by firms with market power. It then presents various country studies, focusing on developed countries (such as the UK and Israel) and on the BRICS countries, to highlight various practical challenges involved in recognizing excessive prices as abusive conduct on the part of dominant firms, including how to define, measure and identify excessive prices. The contributors also discuss other policy options that can be used to fight excessive prices in order to protect consumer welfare.


Editors and Affiliations

  • Athens University of Economics and Business, Athens, Greece

    Yannis Katsoulacos

  • École Supérieure des Sciences Économique, Cergy-Pontoise, France

    Frédéric Jenny

About the editors

Yannis S. Katsoulacos is a professor at the Athens University of Economics and Business, Dept. of Economic Science (1994-) and chairman of the Department (2011-) in Greece and has been University Vice-Rector (2007-2011) and Post-graduate Studies Director for Applied Economics and Finance (2000-). He received his Ph.D. and M.Sc. in economics from the London School of Economics. He specializes and has published widely in competition and regulation economics and policy, industrial organisation, environmental policy and the economics of technological change. He was a research fellow at the London Centre of Economic Policy Research (CEPR, 1992-2001) and has published over 85 articles (over 30 in international, including leading, refereed journals) and 9 books on industrial organisation, competition policy, the economics of technical change and the New Economy. Since 2006, he has organized the CRESSE Annual International Summer School and Conference in Competition and Regulationin Greece.
 
Frédéric Jenny is a Professor of Economics at ESSEC Business School in Paris, France. He has been chairman of the OECD Competition Committee since 1994, and co-director of the European Center for Law and Economics of ESSEC since 2008. He was previously non-executive director of the Office of Fair Trading in the United Kingdom (2007-2014), a judge on the French Supreme Court (Cour de cassation, Economic Commercial and Financial Chamber) from 2004 to 2012, vice-chair of the French Competition Authority (1993-2004) and president of the WTO Working Group on Trade and Competition (1997-2004). He holds a Ph.D. in economics from Harvard University (1975), a Doctorate in economics from the University of Paris (1977) and an MBA from ESSEC Business School (1966). 


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