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COMPETITION ASSESSMENT AND STRATEGIC BEHAVIOUR Recent issues of this journal have carried several articles dealing with economic aspects of the approach to competition law. The most recent, by Van den Bergh (1996), argues that "outdated economics has survived in the form of modern legal thinking. Current European competition law still has many factors which remind one of industrial economics of the 1950s and 1960s." [FN1] He concludes that "A competition policy for the 1990s cannot rely on the economic learning of the 1960s." [FN2] Briones (1995) focuses specifically on the treatment of oligopoly in European competition law and compares it with other jurisdictions. He states that "The issue of oligopolies is known to be a particularly difficult one from the perspective of a structural approach to competition." [FN3] In what follows, he analyses co-operative interaction in the form of parallel behaviour and the conditions necessary to facilitate such conduct. In...

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