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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

  • Czech description

Classification

  • Type

    C - Chapter in a specialist book

  • CEP classification

  • OECD FORD branch

    50501 - Law

Result continuities

  • Project

  • 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