A situation in a market in which firms or sellers independently strive for the patronage of buyers in order to achieve a particular business objective, e.g., profits, sales and/or market share. Competition in this context is often equated with rivalry. Competitive rivalry between firms can occur when there are two firms or many firms. This rivalry may take place in terms of price, quality, service or combinations of these and other factors which customers may value.
Source: OECD
At the end of September, the press reported briefly on the understanding reached between Apple and the European Commission. According to these reports, Apple has agreed to ending two alleged anticompetitive practices in relation to one of its flagship products, the iPhone: Apple will enable the owners of an iPhone purchased in one EU Member…
With the recent adoption of competition law statutes in East and South Asia and reforms completed or under way in Latin America, among other developments, the design – and enforcement – of competition principles for the global economy has attracted renewed interest on the part of practitioners and academics alike.
Welcome to the Kluwer Competition Law Blog. As its editor, it is a great pleasure for me to announce the launch of this new platform for the discussion of competition law developments in the EU and beyond. Our aim is to debate current competition law issues that are of interest for practitioners, companies, and scholars alike….
