Consumer welfare, Enforcement, Policy

(University of Reading, Centre for Commercial Law and Financial Regulation )/ /2 Comments

The Goals of Antitrust in the Wake of Crisis Calls for a re-appreciation of competition policy have never ceased on both sides of the Atlantic. However, the current financial crisis has unsurprisingly provided a particular backdrop against which there has been increased willingness to discuss so-called “fundamental” issues both within as well as across different…

Economics, European Commission

(University of Reading, Centre for Commercial Law and Financial Regulation )/ /Leave a comment

The discussion on the merit and feasibility of a possible application of Behavioural Economics in Competition Law and Policy has been fierce, particularly so in the context of US Antitrust Law. The fundamental assumption of Behavioural Economics lies in the recognition that human decision making is vulnerable and subject to biases. So-called neo-classical economic models…