Measure of the extent to which products may be seen as interchangeable from the viewpoint of producers or consumers. A firm’s pricing policy for a specific product is disciplined if consumers have the possibility to buy another product, which they judge as being equivalent by its nature, use and/or price (demand-side substitution). Additional competitive constraint on the firm may stem from producers of other products capable of switching their production without delay towards the product in question at negligible cost and willing to enter into competition on the market segment concerned (supply-side substitution). Product substitutability is an important element in defining the relevant product market (relevant market).
Substitutability
a
Absolute territorial protection
•
Abuse of dominant position
•
Abuse of economic dependence
•
Access to essential facility
•
Access to information
•
Access to the file
•
Actual competitor
•
Administered prices
•
Advocacy
•
Agency agreement
•
Agent
•
Agreement (notion)
•
Amicus curiae
•
Ancillary restraints
•
Annulment
•
Anticompetitive object or effect
•
Anticompetitive practices
•
Antitrust
•
Applicable law
•
Arbitration
•
Article 11 letter
•
Automotive distribution
b
c
Cartel
•
Clearance phase I (merger)
•
Clearance phase II (merger)
•
Collecting society
•
Collective dominance
•
Collective redress (class action)
•
Collusion
•
Comity
•
Commission Notice
•
Competence
•
Competition policy
•
Complaint
•
Compliance programme
•
Compulsory license
•
Concentration indexes
•
Concerted practices
•
Concession
•
Concurrent jurisdiction
•
Consortium
•
Consumers protection
•
Consumers’ associations
•
Control (change)
•
Control (notion)
•
Cooperation Agreement
•
Cooperation between competition authorities
•
Coordinated effects
•
Copyright
•
Corporate group
•
Corruption
•
Cost-based access
•
Cournot (Nash) equilibrium
•
Criminal sanctions
•
Cross subsidisation
d
e
ECHR
•
Economic analysis
•
Economic efficiency
•
Economies of scale
•
Economies of scope
•
Effect on trade between Member States
•
Effective judicial protection
•
EFTA Surveillance Authority (ESA) & Court
•
Environmental protection
•
Error costs
•
Essential facility
•
European Competition Network (ECN)
•
Ex Ante / Ex Post Control
•
Excessive prices
•
Exchanges of information
•
Exclusionary practice
•
Exclusive distribution
•
Exclusive purchasing
•
Exclusive right (Art. 106 TFEU)
•
Exclusivity clause
•
Exhaustion
•
Extra-territoriality
f
i
k
l
m
Mandatary (distribution)
•
Margin squeeze
•
Marginal costs
•
Market economy investor
•
Market of goods or services
•
Market power
•
Market share
•
Media pluralism
•
Merger (notion)
•
Merger (prohibition)
•
Merger (withdrawal)
•
Merger control procedure
•
Merger remedies
•
Minority shareholdings
•
Misinformation
•
Monopoly
p
Parallel imports (parallel trade)
•
Passing-on
•
Passive sales
•
Patents
•
Pay-for-delay
•
Periodic penalty payment
•
Personal data
•
Potential competition
•
Predatory pricing
•
Preliminary ruling (Art. 267 TFUE)
•
Price discrimination
•
Price leadership
•
Price signalling
•
Price-fixing agreement
•
Prices
•
Principle of effectiveness
•
Principle of equal treatment
•
Principle of equivalence
•
Principle of proportionality
•
Private enforcement
•
Privatization
•
Procedural autonomy
•
Professional association
•
Public procurement
•
Public undertaking
r
R&D agreement
•
Referral (merger)
•
Refusal to deal
•
Regulated prices
•
Regulation
•
Relevant market
•
Remedies (antitrust)
•
Request for information
•
Resale below cost
•
Resale price maintenance (RPM)
•
Restriction on exportation
•
Right against self-incrimination
•
Rights of defence
•
Rule of reason
s
Sector inquiry
•
Selective distribution
•
Self-Preference
•
Services of general economic interest
•
Single branding
•
Sole control
•
Spill-over effects
•
Standard-Essential Patent (SEP)
•
State action defense
•
State aid (compatibility)
•
State aid (existing aid)
•
State aid (notification)
•
State aid (notion)
•
State aid (recovery)
•
State aid (tax ruling)
•
State aid (unlawful aid)
•
State measure
•
Statement of objections (SO)
•
Substitutability
•
Sudden break of established business relationships