By Daniel Zimmer; Academic Society for Competition Law; Workshop on Comparative Competition Law
What are the normative foundations of festival legislations? that's the query on the center of this booklet. best students reflect on even if this department of legislations serves only one or multiple aim, and, if it serves to guard unfettered festival as such, how this aim pertains to different pursuits resembling the merchandising of financial welfare.
The publication brings jointly contributions at the relevance of alternative welfare criteria, at the notion of 'freedom to compete' and on distributional equity as a target of festival legislation. additionally, it discusses the connection to different criminal targets resembling industry integration. ultimately, the categorical factor of pageant legislation objectives in rising economies is addressed.
The targets of festival Law may have powerful entice lecturers in festival legislations and pageant economics; coverage makers, enforcers and different practitioners within the box of pageant legislations; and postgraduate scholars in festival legislations and festival economics.
Contributors: T. Ackermann, A. Al-Ameen, O. Andriychuk, M. Bakhoum, J. Bejcek, A.D. Chirita, okay. Diawara, E. Fish, A. Fuchs, M.S. Gal, D.J. Gerber, J.D. Gutierrez Rodriguez, D. Healey, L. Kaplow, A. Kunzler, F. Maier-Rigaud, C.P. Marquez, M. Negrinotti, P. Nihoul, L. Parret, H. Schweitzer, M.E. Stucke, J. Su, I. Takahashi, J.P. Terhechte, L. Tichy, X. Wang, D. Zimmer
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Extra resources for The goals of competition law : the fifth ASCOLA Workshop on Comparative Competition Law
A pure, simple consumer welfare view would require efficiencies to be passed through sufficiently to offset any adverse price effects on account of the merger’s competitive consequences. 20 Much of this analysis is only loosely 19 Some causes, particularly those under individuals’ own control, should be taken into account because of the concern for incentives. Such considerations are not centrally implicated in considering, say, individual consumers’ behavior in response, say, to changes in various price levels as a consequence of some merger of firms producing an intermediate good.
1 Consumer surplus loss due to price increase from different base prices but rising with further elevation. The final subsection identifies some of the implications of these phenomena. 2 Analytics Begin with consumer welfare, equivalently, consumer surplus. Specifically, consider some given price elevation, in one case starting from the competitive price, equal to marginal cost (which for simplicity will be taken to be constant) and, in a second case, starting from a significantly elevated price.
38 To simplify, the chapter treats firms as sellers and consumers as buyers. , suppliers, wholesalers, and retailers) and government regulators (which scenario IV discusses). 2 FOUR CONCEPTIONS OF COMPETITION Rational perfectly informed persons with willpower can take care of themselves in the marketplace. In relaxing the assumption, one cannot assume that the invisible hand will necessarily yield the best outcome. pdf. 38 For the normative and descriptive shortcomings of the third prong of rational choice theory, namely that individuals pursue solely their economic selfinterest, see ME Stucke, ‘Money, Is That What I Want?