European integration and the functioning of product markets

The 10-year anniversary of the single market programme SMP offers an excellent opportunity to look back and reflect on its impact on the functioning of product markets in the European Union.
This volume in its political context of recent EU efforts to improve market surveillance and better co-ordinate market reforms looks at the impact of the ongoing market integration process and the product market reforms associated with it on the level of competition in EU product markets, the strategic behaviour of firms, the structure of European industry and the impact of these developments on the Union's exposure to asymmetric shocks.