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EU LawText, Cases, and Materials

EU Law: Text, Cases, and Materials (7th edn)

Paul Craig and Gráinne de Búrca
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date: 23 July 2021

p. 108728. Competition Law: Article 102locked

p. 108728. Competition Law: Article 102locked

  • Paul CraigPaul CraigEmeritus Professor of English Law, St John's College, University of Oxford
  •  and Gráinne de BúrcaGráinne de BúrcaFlorence Ellinwood Allen Professor of Law, New York University School of Law

Abstract

All books in this flagship series contain carefully selected substantial extracts from key cases, legislation, and academic debate, providing students with a stand-alone resource. This chapter focuses on another principal provision concerned with competition policy: Article 102 TFEU. The essence of Article 102 is the control of market power, whether by a single firm or, subject to certain conditions, a number of firms. Monopoly power can lead to higher prices and lower output than would prevail under more normal competitive conditions, and this is the core rationale for legal regulation in this area. Article 102 does not, however, prohibit market power per se. It proscribes the abuse of market power. Firms are encouraged to compete, with the most efficient players being successful. The UK version contains a further section analysing issues concerning EU competition law and the UK post-Brexit. EU law

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