Best Practices for Expert Economic Opinions – Key Element of Forensic Economics in Competition Law
In October 2010 the Bundeskartellamt, the independent German federal competition authority, published for the first time a formal notice that sets forth binding quality standards for expert testimony provided by economists.2 The publication of these ‘Best Practices’ signifies the increasing importance of economic reasoning and methods in German competition law enforcement. The Best Practices are first and foremost intended to make sure that the interaction between economic experts drawn upon by the parties to a case, competition authorities and the courts contributes effectively to sound decision making.
KeywordsExpert Opinion Guidance Document Competition Policy Competition Authority Expert Testimony
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