6 Evaluating Damages: A Primer
Ioannis Lianos, Peter Davis, Paolisa Nebbia
Peter Davis, Ioannis Lianos, Paolisa Nebbia
- Cartels — Article 101 TFEU, application of — European Union — Arbitration procedures — Appeals — Damages — Enforcement of Articles 101 and 102 TFEU
This chapter provides the theoretical foundations underlying both cartel and abuse of dominance damage calculations. It illustrates both the power of the theoretical frameworks provided by economic analysis and the rich variety of practical changes that arise in its real-world application in competition cases. The discussion makes reference to the Commission Staff’s Working Document: ‘Quantifying Harm in Actions for Damages based on Breaches of Article 101 or 102 of The Treaty on the Functioning of the European Union’ (which was published alongside the Directive) and also more generally on the economics of damage calculations.