The more economic approach to european competition law

Over the past ten years, European competition policy has undergone dramatic change. A more economic approach to the application of competition law means that the assessment of each specific case will not be undertaken on the basis of the form or intrinsic nature of a particular practice but rather will be based on a careful examination and weighing of its anti- and procompetitive effects. This move to an effects-based approach will lead itself to a rule of reason approach in anti - trust proceedings, and efficiency as a goal of antitrust can be expected to play a more important role in the future.