A Behavioural Approach to Antitrust Law and Economics

Unlike traditional antitrust analysis, a behavioural approach to antitrust law and economics is grounded in empirical observations of human behaviour. These reveal that judgments and decisions by real decision-makers in the market deviate systematically from those predicted by the rational actor-based models of traditional antitrust law and economics. The behavioural approach therefore has the potential to identify more accurately those harmful anticompetitive market behaviours