The concentration of private economic powers: From a perspective of the institutional economics of law
Type de matériel :
TexteLangue : français Détails de publication : 2019.
Sujet(s) : Ressources en ligne : Abrégé : This paper analyzes how competition law and economics tackle the issue of private economic powers. We highlight a tension between recommendations based on a definition of the competitive order as a guarantee of access to market and of pluralism, and normative prescriptions whose sole objective is the maximization of consumer welfare. We illustrate our aims with an analysis of the stakes for digital markets.JEL codes: B25, D43, K2
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This paper analyzes how competition law and economics tackle the issue of private economic powers. We highlight a tension between recommendations based on a definition of the competitive order as a guarantee of access to market and of pluralism, and normative prescriptions whose sole objective is the maximization of consumer welfare. We illustrate our aims with an analysis of the stakes for digital markets.JEL codes: B25, D43, K2
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