Re-Conceptualizing ‘Object’ Analysis Under Article 101 TFEU: Theoretical and Comparative Perspectives
14 Journal of Competition Law & Economics 467, 2018
25 Pages Posted: 11 Feb 2019 Last revised: 28 Apr 2019
Date Written: January 29, 2019
Recent expansive applications of the ‘object’ prohibition under Article 101 Treaty on the Functioning of the European Union have left the scope of ‘object’ restrictions in a state of uncertainty and incoherence. This article undertakes an unprecedented theoretical study of the ‘object’ test in comparison with U.S. antitrust law. It re-conceptualizes ‘object’ analysis as a form of preliminary enquiry that serves a similar classificatory function as a U.S. ‘quick look’ analysis, namely to distinguish naked restrictions from non-naked ones in order to determine whether summary condemnation or an effect-based analysis is called for. This normative theory rests on the important conceptual distinction between proximate and ultimate objects, and a detailed comparison of the methods of antitrust analysis under E.U. and U.S. law. The article constructs a ‘quick look’ framework for ‘object’ analysis that combines both theoretical and comparative insights, and applies this framework to critically analyze joint venture restrictions, regulatory restrictions, vertical restrictions, and industry restructuring arrangements.
Keywords: 'Object' Analysis, Article 101 TFEU, 'Quick Look', Comparative Competition Law, EU Competition Law, US Antitrust Law
JEL Classification: K21, L40, L41, L42
Suggested Citation: Suggested Citation