This paper is the print version of the talk given by Professor Louis Vogel and Me Joseph Vogel at the first session of the training cycle “Economics and competition law” launched by Concurrences Review, on 28 October 2009 in Paris, on substituability. The economists - Mme Anne Perrot, MM. Frédéric Jenny, Emmanuel Combe et David Spector - explained in details the notion of price elasticity and related notions, whereas the lawyers illustrated these by providing case law examples. The sessions of the training cycle are freely open to the public, within the limits of available seats, thanks to the kind sponsorship of five law firms and five economic consultancies. Each session is credited two hours for the Paris Bar Lawyers continuing education. The program of the sessions appears below.
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