Economics for Competition Lawyers

This popular and accessible practitioner guide to the economic principles of competition law has been revised with new case law and economic approaches to provide a fully updated edition for competition lawyers.

ludex non calculat! This adagium is not a reference to judges studying law because they hated maths in school, but to the principle that a judge bases decisions on the strength of the arguments rather than their quantity. Presiding over cases concerning the quantification of damages, I found the earlier editions of this book of considerable help. The third edition covers even more crucial topics, such as the presumption of harm, overcharges, and pass-on.
SYLVIA EVERS, SeniorJustice in the Court of Appeal Arnhem-Leeuwarden, The Netherlands

This work contributes to unravelling complex economic concepts related to competition law and policy for the benefit of non-economists. The authors reconcile the legal and economic languages fora better understanding and implementation of competition enforcement. Quantifying the effects of business behaviour on markets and consumer welfare reinforces the legitimacy of competition agencies' decisions and, ultimately, improves economic outcomes for society.
CANI FERNANDEZ, President, Comisiôn Nacional de los Mercados y la Competencia, Spain

This new edition updates an extremely clear and practical guide for lawyers, broadening our understanding of competition economics and how it applies to competition cases. The authors masterfully bridge the communication gap between economists and lawyers, addressing recent developments in all key competition law arecs, including novel enforcement challenges in digital markets, climate change considerations, and labour market concerns. An excellent resource for every competition lawyer.
INGRID VANDENBORRE, Partner, Skadden, Brussels

An indispensable tool for competition lawyers. The authors have succeeded in blending economic and legal principles in a clear manner, conducting an exhaustive and systematic analysis of all aspects of competition law enforcement. An up-to-date text with an in-depth review of recent case law, new theories of harm, and their economic implications.
MARIO SIRAGUSA, Senior Counsel, Cleary Gottlieb Steen & Hamilton LLP, Rome, and College of Europe, Bruges

A very useful and up-to-date tool for competition lawyers, enforcers, and others who wish to understand, in plain but comprehensive language, the role of economics and econometrics in competition law cases in both public and private enforcement. The book makes an important contribution to bridging the 'gap' between policy, law, and economics, and does so in a readily comprehensible manner with practical application.
RANDALL HOFLEY, Partner, Blakes, Toronto

This new edition superbly covers all the hot topics in the digital economy such as network effects, two-sided platforms, gatekeepers, algorithmic collusion, and killer acquisitions. In addition, 'The Competition Economics Toolkit', the newly added chapter 2, provides lawyers with a quick, yet comprehensive, overview of all the tools needed to assess relevant markets and the behaviour of companies. Lawyers greatly benefit from the clear language of this book!
DR PETRA LINSMEIER, Partner, Gleiss Lutz, Munich