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Cartel and Monopoly Policy

Author

Listed:
  • Hugues Bouthinon-Dumas

    (ESSEC Business School - Essec Business School)

  • Frédéric Marty

    () (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - UCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique)

Abstract

Firm strategies are deeply affected by the legal framework which rules the relationships between the economic agents regarding monopoly and cartel policy. Undertakings have to manoeuvre through a complex universe. Not only must they master the rules of the economic game of competition but also the legal rules of competition law which are characteristic of competition and add up to the aforementioned. Monopoly and cartel policy presents itself as an important limitation to the freedom of action of firms and as a source of risks because some of their behaviours or choices are likely to be challenged, even punished by the competition authorities for the sake of the market preservation. Yet, firms can be strongly tempted to be harmful to competition insomuch as cartel and monopolies or taking advantage of a dominant position are means generally efficient for reaching the goals companies are aiming at in a capitalistic economy: the increase of profits thanks to the growth of margins and the "quiet life" thanks to a better control of their environment. First we will present the bases of monopoly and cartel policy (1) then the rules that result from it (2) before taking into account the competition authority decisional practices and their consequences on the firms' strategies (3).

Suggested Citation

  • Hugues Bouthinon-Dumas & Frédéric Marty, 2012. "Cartel and Monopoly Policy," Post-Print halshs-00727681, HAL.
  • Handle: RePEc:hal:journl:halshs-00727681
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00727681
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    Other versions of this item:

    • Hugues Bouthinon-Dumas & Frédéric Marty, 2012. "Cartel and Monopoly Policy," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 34 Edward Elgar Publishing.

    References listed on IDEAS

    as
    1. William E. Kovacic & Carl Shapiro, 2000. "Antitrust Policy: A Century of Economic and Legal Thinking," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 43-60, Winter.
    2. Giocoli, Nicola, 2008. "Competition vs. property rights: American antitrust law, the Freiburg School and the early years of European competition policy," MPRA Paper 33807, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Competition Policy; monopolization; legal uncertainty; effect based approach; approche par les effets; insécurité juridique; cartel; abus de position dominante; Politique de concurrence;

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