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Part II Elements of Private Enforcement Systems, 13 Economic Methods in Private Competition Enforcement

From: The Private Enforcement of Competition Law (1st Edition)

Pedro Caro de Sousa

From: Oxford Competition Law (http://oxcat.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 17 July 2024

Subject(s):
Cartels — Economic or commercial activity — Economics — Damages — Evidence — State and competition law

In competition law, economic theory plays a large role in determining what the relevant explanations may be, and how plausible they are. Statistical and econometric evidence plays an important role in drawing inferences from the available evidence. This chapter discusses the relevance of economic models and the main techniques used in competition litigation, particularly as regards damages calculation and estimation. It argues that scientific models can be tools that assist courts to manage uncertainty together with other logical instruments such as inferences, deductions, and common sense.

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