Excessive Prices: Using Economics to Define Administrable Legal Rules

@article{Padilla2004ExcessivePU,
  title={Excessive Prices: Using Economics to Define Administrable Legal Rules},
  author={Jorge Padilla and David S. Evans},
  journal={CEPR Discussion Paper Series},
  year={2004}
}
European competition laws condemn as ‘exploitative abuses’ the pricing policies of dominant firms that may result in a direct loss of consumer welfare. Article 82(a) of the EC Treaty, for example, expressly states that imposing ‘unfair’ prices on consumers by dominant suppliers constitutes an abuse. Several firms have been found to abuse their dominant positions by charging excessive prices in cases brought by the European Commission and the competition authorities of several Member States… Expand