When are Excessive Prices Unfair

  title={When are Excessive Prices Unfair},
  author={P. Akman and Luke Garrod},
  journal={Journal of Competition Law and Economics},
A dominant firm can abuse its position by charging unfair prices under EU competition law. According to the Court of Justice of the European Union in United Brands, a price is abusive if (1) the price-cost margin is excessive and (2) the price is unfair compared with other prices. However, there is little guidance to determine whether a price-cost margin is excessive and, if so, when the price is unfair. We consider whether the “principle of dual entitlement”, which is consistent with most… Expand

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