Abstract

This open access book provides answers to key open questions concerning competition policy in emerging economies, with a focus on South Eastern Europe. The contributions address two major issues. One is the design of competition policy and the national competition authorities that enforce it, including the topics of competition advocacy and state aid control; the other is the use of economic methods in competition law enforcement, especially in the cases of relevant market definition and merger control. Many lessons learned in the countries of South Eastern Europe can be applied to the emerging markets of other regions. As such, the findings presented here will be highly relevant for officials and staff at national competition authorities, advisers to legislators shaping national competition policy, competition law professionals, and university students alike. ; Presents topical insights into the institutional design of national competition authorities Offers specific economic methods relevant for competition law enforcement Linked to a dedicated website providing information about ongoing competition law cases in SEE countries

Highlights

  • Using an example of three products, we have demonstrated the practical implementation of price-based tests in the procedure of determining the relevant market

  • If Eq (2) is fitted to price data for one particular product of interest, it returns one estimated β3 coefficient, which would indicate the average effect on prices that the merger had for all stores in the treatment group, relative to the stores in the control group, for the two considered time periods

  • We allow for the estimated coefficients to differ from one regression to another, for the merger impact on prices to vary across the Kaufland stores in the treatment group

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Summary

Introduction

Even in the most developed countries, those with a long and uninterrupted tradition of market economy and competition policy enforcement, there are dilemmas about the role, organisation, leverage, accountability, and funding of the competition authorities, among other things. It is hardly surprising that in South-East Europe the dilemmas are multiplied, as the Region does not have a long tradition of market economy and competition policy enforcement; for most of the countries in the Region competition policy is a novel notion, and rule of law is not exactly a regional hallmark. More focused literature deals with the relationship between competition policy and economic performance.. More focused literature deals with the relationship between competition policy and economic performance.2 These contributions indicate that competition policy does play a significant role. Existing literature shows that the effectiveness of competition policy depends on other characteristics of the given

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