by 21st Century Competition | May 7, 2014
Special case of oligopoly: industry structure with two sellers. In competition cases the term is often also used for situations where two main sellers dominate the competitive structure and a fringe of smaller sellers adapts to their behaviour. The two main sellers...
by 21st Century Competition | May 7, 2014
Market at the next stage of the production/distribution chain, for example, the distribution and sale of motor vehicles would be a downstream market in relation to the production of motor vehicles. Source: Glossary of terms used in EU competition policy, Antitrust and...
by 21st Century Competition | May 7, 2014
A firm is in a dominant position if it has the ability to behave inde- pendently of its competitors, customers, suppliers and, ultimately, the final consumer. A dominant firm holding such market power would have the ability to set prices above the competitive level,...
by 21st Century Competition | May 7, 2014
Decision by a firm to sell part of its current operations, divisions or subsidiaries as a result of business restructuring in order to concentrate on certain products or markets. Under EC competition law, divestiture may also be offered by firms as a commitment...
by 21st Century Competition | May 7, 2014
The Commission, as a collegiate body, delegates certain decision- making powers to its individual commissioners (empowerment procedure) or to directors-general (delegation procedure). A delega- tion of powers allows management, administrative, procedural and routine...
