Brussels Rules Without the Brussels Perks
Brussels’ latest competition guidelines should probably come with a warning label. Countries borrowing them risk importing dubious economics, remedies designed for Europe’s very specific institutional problems, and a trade fight with Washington.
On Sept. 3, after a three-year process, the European Commission adopted its first guidelines on exclusionary abuses under Article 102 of the Treaty on the Functioning of the European Union (TFEU). Article 102 prohibits companies from abusing a dominant market position, including through practices that improperly shut out competitors. The…
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