Comparing and Contrasting the EU and the US Approach in Competition Law: So Close but So Far

It is of great academic interest that the two main representatives of the Western world, the EU and the USA, have developed antitrust and competition law approaches and policies that have certain significant similarities but also quite a few crucial differences. The paper deploys a functional comparative analytical model in the first place but also a more contextual approach, in the second instance, by taking into account historical and economic arguments and theories as to the development of antitrust laws in the USA and the EU. The paper’s comparative analytical model otherwise proceeds both on a macrocomparative and a microcomparative basis. For instance, the author initially concentrates on the broader differences and similarities between the two comparables. Thereafter, the paper’s focus is on key specific substantive differences and similarities,
especially ones that would have arisen out of contextual reasons. Furthermore, the paper explores the differences between the American and the European approach as ones that range from procedural matters, semantics and historical reasons to resolution mechanisms, substantive matters and the involvement or not of political considerations. This is a paper that aims to provide an up-to-date comparative analysis as to the points of divergence and convergence between the two major systems of competition law in the Western sphere by taking into account legal, historical and economics matter as well as latest developments.