NDLI: Two Contexts for Economics in Competition Law: Deterrence Effects and Competitive Effects

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Two Contexts for Economics in Competition Law: Deterrence Effects and Competitive Effects

Content Provider	Scilit
Author	Broullk, Jan
Copyright Year	2018
Description	Journal: SSRN Electronic Journal Competition law accommodates two different contexts within which economics may be applied, each defined by a distinct type of cause-effect relationships. First, there are effects of competition law on business conduct (deterrence effects), embodying the fact that businesses take into account legal sanctions when planning their actions. The field studying these effects is Economic Analysis of Law. Second, there are effects of business conduct on competition (competitive effects), standing for the influence of businesses with market power on behavior of their customers, suppliers and competitors. This influence is analysed by Industrial Organization. Awareness of the distinction makes it possible to appreciate certain aspects of the application of economics to competition law issues. For instance, within the discourse on this application, the context of competitive effects receives significantly more attention than the context of deterrence effects. Also the often voiced observation that economics and competition law are closely related regards predominantly the former context.
Related Links	https://pure.uva.nl/ws/files/45484935/SSRN_id3180022.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3180022
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3180022
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2018-05-17
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Applied Ethics Antitrust Economics Deterrence Effects Competitive Effects Economic Analysis of Law Industrial Organization Law and Economics
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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