Both in US antitrust and EU competition policy a development to a broader application of rule of reason instead of per se rules can be observed. In the European discussion the attempt to base competition policy on a "more economic approach" is mainly viewed as improving the economic analysis in the assessment of specific cases. In this paper it is shown from a general law and economics perspect...

Antitrust law represents the principal legal tool that the United States employs to police private markets, yet it often relegates quality and nonprice considerations to a secondary position. While antitrust law espouses the belief that vigorous competition will enhance quality as well as price, little evidence exists of the practical ability of courts to deliver on that promise. In this Articl...

Abstract By discussing the experiences of Hungary and Poland, this article aims to demonstrate that there are three layers rule law which relevant for EU competition law. The first one is external: it relates legal system Member States a part. In national systems, safeguards need be put in place order provide an adequate environment perform its role. second internal: concerns relation States' a...