Based at the University of East Anglia, the Centre for Competition Policy incorporates economic, legal, management, political science and sociological perspectives to produce inter-disciplinary research into competition policy and regulation that has real-world policy relevance, without compromising academic rigour.
Members include academic staff, researchers and PhD students drawn from the School of Economics, UEA Law School, Norwich Business School and the School of Politics, Philosophy, Language and Communication Studies. All have a wide range of knowledge and interest within the field of competition policy and regulation, and maintain the centre’s founding belief that a properly regulated, competitive market can provide consumers with the products they want at the best possible prices. Read more
New CCP WP suggests the EU Directive will fail to help consumers claim compensation
A new working paper by Dr Sebastian Peyer from the UEA Law School looks at how new measures aimed at encouraging victims of anti-competitive behaviour to seek compensation in the courts will fail in their current form.
Every year European citizens and firms suffer financial harm amounting to several billion Euros from cartels and other anti-competitive conduct, yet few victims seek compensation for these losses in the courts due to the disproportionate costs involved. Research published by Dr Peyer finds that the European Union's Damages Directive fails in its compensation objective and does not provide enough incentives to encourage more claims. He argues that the directive fails to address the real issues that could potentially motivate people to sue, such as changes to rules allocating costs in litigation, and that EU countries should implement measures that go beyond the remit of the directive, for example by allowing opt-out class actions - where a large number of people affected can sue as a group - to combine small individual losses.