Description
Bloomsbury Publishing (UK) Competition Law’s Innovation Factor: The Relevant Market in Dynamic Contexts in the EU and the US by Viktoria H S E Robertson
Market definition is coming under attack as an analytical tool with its feasibility being questioned. This criticism is amplified in dynamic markets which differ radically from those static markets the concept was modelled on. Taking a comparative perspective this book examines how courts and competition authorities in the EU and US have factored innovation-related considerations into market delineation. It concludes that the role of market definition in dynamic contexts needs to focus on its function of market characterisation rather than on the assessment of market power. In so doing it gives a much needed re-assessment of a core tenet of competition law.