"This book investigates the political economy of EU competition policy by taking the European telecommunications industry as a case study. Tuna Baskoy argues that the EU competition policy has failed to achieve its objectives of preventing excessive market concentration in the telecommunications industry over the past quarter-century. He takes the controversial view that EU competition policy foremost promotes an industrial policy that fosters the profitability of European firms. Moreover, Baskoy argues that EU competition policy is short of adequate theoretical and conceptual capacities to comprehend the working dynamics of market competition and the market behavior of firms. This book will be of interest to scholars of Politics, Economics, Business, and International Relations and Policies."--Jacket.