IDEAS home Printed from https://ideas.repec.org/a/rnp/ecopol/ep1746.html
   My bibliography  Save this article

Interrelationship between Economic Theory and Competition Policy

Author

Listed:
  • Shastitko, Anastasia A.

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Legal uncertainty is one of the most serious problems of the antitrust law that is caused by the way the law is enforced in different countries, the way competition policy has developed, and its underlying economic theory. Legal uncertainty reveals itself in the absence of a uniform goal of competition policy both at the level of the underlying economic theory, and at the level of antitrust authorities. In its turn, the way competition policy has developed, and the way it is implemented in different countries affect economic theory in general and the definition of competition in particular. It was shown that the goals of competition policy not only fail to correspond to the ones it was created for, but contradict them. It might have been caused by the emergence of the underlying economic theory at some point in the history of competition policy, and by the influence of other economic policies on the goals of competition policy. The article offers an analysis of competition policy from the historical perspective that allows to identify new aspects of the key problems of competition policy. In particular, the article reviews the issue of competition as a market structure, as a behavior of a company in the market, and as an outcome of some behavior of a company in the market. These approaches to the definition of competition do not always comply with each other and sometimes are contradictive. The issue of a contradiction between the rule of law and rule of reason approaches is also touched upon.

Suggested Citation

  • Shastitko, Anastasia A., 2017. "Interrelationship between Economic Theory and Competition Policy," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 154-167, August.
  • Handle: RePEc:rnp:ecopol:ep1746
    as

    Download full text from publisher

    File URL: ftp://w82.ranepa.ru/rnp/ecopol/ep1746.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Richard Schmalensee, 2012. "“On a Level with Dentists?” Reflections on the Evolution of Industrial Organization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 41(3), pages 157-179, November.
    2. Stephen Breyer, 2009. "Economic Reasoning and Judicial Review," Economic Journal, Royal Economic Society, vol. 119(535), pages 123-135, February.
    3. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    competition policy; competition; legal uncertainty; rule of law; rule of reason.;

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1746. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer). General contact details of provider: http://edirc.repec.org/data/aneeeru.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.