Two Contexts for Economics in Competition Law: Deterrence Effects and Competitive Effects
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11220%2F19%3A10394350" target="_blank" >RIV/00216208:11220/19:10394350 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/chapter/10.1007/978-3-030-11611-8_2" target="_blank" >https://link.springer.com/chapter/10.1007/978-3-030-11611-8_2</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/978-3-030-11611-8_2" target="_blank" >10.1007/978-3-030-11611-8_2</a>
Alternative languages
Result language
angličtina
Original language name
Two Contexts for Economics in Competition Law: Deterrence Effects and Competitive Effects
Original language description
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), which occur through the influence of businesses with market power on behaviour of their customers, suppliers and competitors. This influence falls within the ambit of 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.
Czech name
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Czech description
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Classification
Type
C - Chapter in a specialist book
CEP classification
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OECD FORD branch
50501 - Law
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
New Developments in Competition Law and Economics
ISBN
978-3-030-11610-1
Number of pages of the result
23
Pages from-to
27-49
Number of pages of the book
355
Publisher name
Springer
Place of publication
Neuveden
UT code for WoS chapter
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