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The Economics of Parallel Trade – Iconoclast Views on a Dogma of EU Competition Law

12 Pages Posted: 21 Aug 2010 Last revised: 5 Sep 2010

Nicolas Petit

University of Liege - School of Law; International Center for Law & Economics (ICLE); University of South Australia - School of Law

Date Written: August 19, 2010

Abstract

This paper attempts to demonstrate that whilst parallel trade (also referred to as “grey market trade” in the United States, or as “arbitrage” in economic theory) in the European Union is subject to a remarkably favourable legal regime, the economic case supporting this approach remains to be made. To this end, it shows that the position of the EU Courts, and more generally of the EU institutions, is far from unquestionable in light of the relevant economic literature.

Keywords: Parallel trade, competition law, intellectual property, consumer welfare

JEL Classification: K21, L4

Suggested Citation

Petit, Nicolas, The Economics of Parallel Trade – Iconoclast Views on a Dogma of EU Competition Law (August 19, 2010). Available at SSRN: https://ssrn.com/abstract=1661884 or http://dx.doi.org/10.2139/ssrn.1661884

Nicolas Petit (Contact Author)

University of Liege - School of Law ( email )

B-4000 Liege
Belgium

International Center for Law & Economics (ICLE) ( email )

United States

HOME PAGE: http://www.laweconcenter.org/contact.html

University of South Australia - School of Law ( email )

GPO Box 2471
Adelaide SA 5001
Australia

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