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Consumer law enforcement is high on the European legislator's agenda. The German consumer law enforcement landscape is not unaffected by these European developments. Traditionally, law enforcement in Germany has primarily been carried out by way of civil litigation relying on active consumer...
Persistent link: https://www.econbiz.de/10013022564
Key PointsFollowing (price-increasing) competition law infringements, consumer harm is two-fold.Consumers are negatively impacted by (i) the overcharge (they pay more for the goods actually purchased during the infringement period) and (ii) a ‘lost consumption effect’ (they buy less because...
Persistent link: https://www.econbiz.de/10013244522
From an economic point of view, there has to be a rationale for government intervention in markets in the form of consumer protection laws. This rationale results from economic inefficiencies in markets: particularly the occurrence of market failures. If markets do not work properly, inefficient...
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