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 EU and national case laws from the e-Competitions Bulletin and Concurrences Review.

European Competition Network

The European Competition Network (ECN) has been established as a forum for discussion and cooperation of European competition authorities in cases where Articles 101 and and 102 of the Treaty of the Functioning of the European Union are applied. It should ensure an efficient division of work and an effective and consistent application of EC competition rules. The EU Commission and competition authorities from EU member states cooperate with each other through the ECN by: (i) informing each other of new cases and envisaged enforcement decisions; (ii) coordinating investigations, where necessary; (iii) helping each other with investigations; (iv) exchanging evidence and other information; and (v) discussing various issues of common interest.

The objective of the European Competition Network is to build an effective legal framework to enforce EC competition law against companies who engage in cross-border business practices which restrict competition and are therefore anti-consumer. The basic foundations of the functioning of the ECN are laid out in the "Commission Notice on cooperation within the Network of Competition Authorities" and in the "Joint Statement of the Council and the Commission on the Functioning of the Network of Competition Authorities". Within the ECN, groups of experts in specific sectors (banking, securities, energy, insurance, food, pharmaceuticals, professional services, healthcare, environment, motor vehicles, telecommunications, media, IT & information & communication, Abuse of dominant positions, Competition Chief Economists and railways) discuss competition problems and promote a common approach. In this way, the ECN allows competition authorities to pool their experience and identify best practices. © European Commission