Glossary of competition terms

This Glossary is based on definitions from DG COMP’s Glossary of terms used in EU competition policy (© European Union, 2002) and the OECD’s Glossary of industrial organisation economics and competition law (© OECD, 1993). Each term is enriched with references of national case laws from the e-Competitions Bulletin and Concurrences Review.

Price regulation

The policy of setting prices by a government agency, legal statute or regulatory authority. Under this policy, minimum and/or maximum prices may be set. Price regulation also encompasses "guidelines" which specify the magnitude by which prices can increase as in the case of rent controls. The bases on which regulated prices are set vary. These may be on costs, return on investment, markups, etc.