By Christopher Townley
This booklet discusses the function of public coverage in Article eighty one of the EC Treaty. The fee and (recently) the court docket of First example have acknowledged that the only real target of Article eighty one EC is shopper welfare. Many pageant legal professionals and economists aid this view. Writing in a crisp, undeniable sort, writer Christopher Townley demonstrates that public coverage issues are nonetheless appropriate in that provision. He additionally examines how and the place they're presently thought of after which he indicates why, how, and the place this may be replaced. The booklet explains how probably the most advanced pageant legislation situations will be understood and it bargains a framework for these scuffling with or identifying such situations sooner or later. As such, it is going to be of curiosity to ecu festival attorneys, either teachers and practitioners (furnishing them with a framework for difficult cases), in addition to scholars looking a deeper figuring out of the way the eu pageant principles paintings and the way they have interaction either with ecu Union and Member nation public coverage objectives. The booklet also will aid festival economists through revealing the mechanisms by which public coverage issues impression the patron welfare try in eu legislation.
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Extra info for Article 81 EC and public policy
76, 77, 84, 93, 112, 116, 151, 152 Commission RCP 2001 – Commission XXXIst Report on Competition Policy 2001 ................ 22, 23, 33, 83, 151 Commission RCP 2002 – Commission XXXIInd Report on Competition Policy 2002 ............. 23, 33, 80, 85, 86 Commission RCP 2003 – Commission XXXIIIrd Report on Competition Policy 2003 ................... 86 Commission RCP 2004 – Commission XXXIVth Report on Competition Policy 2004 ................... 86 Commission RCP 2005 – Commission XXXVth Report on Competition Policy 2005 .....................
Finally, total surplus (total welfare) is the sum of the consumer and the producer surpluses. The total surplus standard theoretically increases the gains for society as a whole. Some urge its adoption as the competition law goal, noting that even if this produces an outcome which is ‘unfair’, redistribution can occur later. For example, Motta embraces the total surplus goal which he describes as a summarising measure of how efficient a given industry is as a whole. 11 Others appear to go even further.
12 See references to him in p 14 in this chapter. 13 Ehlermann (1998) 12–13. Fox seemed to understand him to mean this; see, eg Fox (1998) 15. 10 Columns Design Ltd / Job: Townley / Division: Chapter1 /Pg. Position: 3 / Date: 4/9 JOBNAME: Townley - Article 81 PAGE: 4 SESS: 15 OUTPUT: Fri Sep 4 12:24:58 2009 16 The Theoretical Framework special (privileged) status. This is because, so the argument goes, they make society as a whole better off (the cake is bigger). If society thinks that the wealth distribution that these rules generate is inappropriate, it can redistribute this later (ie re-cut the new bigger cake), using other tools, such as taxation, for example, to achieve other public policy goals, such as environmental or cultural goals.
Article 81 EC and public policy by Christopher Townley