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Zum Verhältnis von Recht und Ökonomie in der Wettbewerbspolitik: Eine Erwiderung auf Mestmäcker / On the Dualism of Law and Economics in the Interpretation and Application of Competition Rules

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  • Schmidtchen Dieter

Abstract

This article defends the position that the basic problem to be solved by competition law is of a “reciprocal nature” (Coase). Giving more freedom to one party (extending the scope of its property rights) necessarily means less freedom to another party. Thus, the design of property rights is a zero-sum game that cannot be solved by using freedom as a guideline but by reference to economic efficiency. The article takes issue with a criticism of this position put forward by Mestmäcker in this journal 2008.

Suggested Citation

  • Schmidtchen Dieter, 2009. "Zum Verhältnis von Recht und Ökonomie in der Wettbewerbspolitik: Eine Erwiderung auf Mestmäcker / On the Dualism of Law and Economics in the Interpretation and Application of Competition Rules," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 60(1), pages 153-168, January.
    • Handle: RePEc:bpj:ordojb:v:60:y:2009:i:1:p:153-168:n:9
    DOI: 10.1515/ordo-2009-0109
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    References listed on IDEAS

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    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Vanberg Viktor, 2001. "Konstitutionenökonomische Überlegungen zum Konzept der Wettbewerbsfreiheit," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 52(1), pages 37-62, January.
    3. Mestmäcker Ernst-Joachim, 2008. "Wettbewerbsfreiheit und unternehmerische Effizienz. Eine Erwiderung auf Schmidtchen / Freedom of Competition and Efficiency of Firms," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 59(1), pages 185-208, January.
    4. Ken Binmore, 1998. "Game Theory and the Social Contract - Vol. 2: Just Playing," MIT Press Books, The MIT Press, edition 1, volume 2, number 0262024446, December.
    5. Benjamin Powell & Edward Stringham, 2009. "Public choice and the economic analysis of anarchy: a survey," Public Choice, Springer, vol. 140(3), pages 503-538, September.
    6. Ken Binmore, 1994. "Game Theory and the Social Contract, Volume 1: Playing Fair," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262023636, December.
    7. Schmidtchen Dieter, 2008. "Wettbewerbsfreiheit oder Effizienz? / Freedom for competition or efficiency?: Zur Zweisamkeit von Recht und Ökonomie im Bereich der Wettbewerbspolitik," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 59(1), pages 143-184, January.
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