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Market Definition in EU Competition Law

Miguel S. Ferro

The maintenance of a fair, competitive market among member states is critical to the functioning of the EU economy. In this book, the first comprehensive, unifying view of market definition, Miguel Ferro adeptly explores the different economic-legal issues that arise in EU competition law.
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Chapter 2: Brief history of market definition

Miguel S. Ferro

Extract

A description of how market definition developed and gradually imposed itself in competition law, originally in the USA and then in the EU. This historical perspective allows us to understand that Competition law can be, and was, applied without market definition, and to duly frame the discussion about why it is so important to have an objective, predictable, single method of market definition in EU competition law, determined by the case-law, as well as when it is essential and when one can do without it. Statistics are provided on the number of times this issue is discussed before the Court, in the different areas of competition law.

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