Market Definition

The book "Market Definition: Competition Law and Practice" by Martin I. Algie and Brian D. Kewley is a comprehensive guide to the principles and practices of market definition in the context of competition law. Here is a detailed overview of the book:

Key Themes

1. Market Definition in Competition Law: The book focuses on the critical aspect of market definition in competition law, which is essential for identifying relevant markets and assessing competitive conditions.
2. Legal Framework: It provides an in-depth analysis of the legal framework surrounding market definition, including the principles and guidelines set by regulatory bodies.
3. Practical Applications: The authors offer practical insights and case studies to illustrate how market definition is applied in real-world scenarios.
4. Economic Analysis: The book incorporates economic analysis to help readers understand the theoretical underpinnings of market definition and its implications for competition policy.

Plot Summary

The book is structured to provide a clear and systematic approach to understanding market definition. It begins with an introduction to the concept of market definition and its significance in competition law. The authors then delve into the legal framework, discussing the various methods and tools used to define markets, such as the SSNIP (Small but Significant and Non-transitory Increase in Price) test.

The book also covers the practical aspects of market definition, including case studies and examples from different jurisdictions. It examines how market definition can impact the assessment of competitive conditions and the application of competition laws.

Critical Reception

While specific reviews of the book are not readily available, the book's reputation can be inferred from its continued relevance in academic and professional circles. It is often cited in discussions about competition law and market definition, indicating its value as a reference text.

Publication Details

• Authors: Martin I. Algie and Brian D. Kewley
• Publication Date: 1998 (First published in 1997)
• Publisher: John Libbey
• ISBN: 1864620242
• Format: Book
• Pages: xxiv, 600 p.

Additional Resources

• Similar Items: The National Competition Policy and related reforms, National competition policy legislative package, and other related documents from the National Competition Council provide additional context on competition law and policy in Australia.
• Other Works: The authors have contributed to other works on competition law, such as "Competition Law Market Definition in Practice" (1997), which was first published by John Libbey & Co and later republished online in 2008.

In summary, "Market Definition: Competition Law and Practice" by Martin I. Algie and Brian D. Kewley is a seminal work in the field of competition law, offering a comprehensive guide to market definition and its practical applications. Its continued relevance in academic and professional discussions underscores its importance in the field.