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Under the regime of Regulation 1/2003 on the implementation of the rules of competition laid down in Articles 101 and 102 TFEU undertakings are obliged to take care by themselves of their compliance with the competition rules. For practical purposes this is also true when it comes to the rules...
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We provide one of the first efforts to measure the importance of consumer preferences in legislators' trade policy decisions by estimating the degree to which the level of antitrust enforcement in the legislator's state impacts his or her vote on free trade agreements. To the extent that...
Persistent link: https://www.econbiz.de/10013134945
We analyze whether antitrust might provide an alternative and perhaps superior approach to regulating consumer subprime mortgage lending. Behavioral exploitation antitrust targets commercial conduct of the sort that was observed in consumer subprime mortgage lending in the years leading up to...
Persistent link: https://www.econbiz.de/10013090767
This brief essay addresses the ambiguities in the meaning of “consumer welfare” in antitrust, exploring the differences between the Williamson, Bork, and current understanding of that term. After weighing the alternatives it argues that the consumer welfare principle in antitrust should seek...
Persistent link: https://www.econbiz.de/10012843130
Following the decisions of the European Court of Justice in the Courage and Manfredi cases, victims of antitrust practices may seek redress before their national civil courts against the infringing businesses. In Spain, an empirical study on private enforcement of competition law collecting the...
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Several factors relating to the interactions of patients, physicians, and third party payers help make the health care industry, specifically the pharmaceutical industry, very unique. As a result, antitrust enforcement in this industry raises an equally unique set of problems. One of the most...
Persistent link: https://www.econbiz.de/10013216024
We learn that scientific progress is inherently good, that it has improved the living conditions of all humans and that the digital revolution is progressively helping level the playing field for all. But empirical evidence related to the effects of technological disruptions on the living...
Persistent link: https://www.econbiz.de/10013235765