Structure and Effects in Eu Competition Law: Studies on Exclusionary Conduct and State Aid

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During the last decade the European Commission has progressively adopted what is called a 'more economic' approach towards competition policy. This approach, which draws on US antitrust policy, puts greater emphasis on possible welfare effects of business practices and is less concerned with competitive market structures. Under this school of thought, concentration cannot be said to impede effective competition to the extent that efficiency gains outweigh market distortions.