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The Analysis of the Correlation between the Degree of Market Concentration and the Level of Consumer Protection

Author

Listed:
  • Stefania-Cristina Curea
  • Eduard Dinu
  • Paul Prisecaru

Abstract

The common aim of legislation in the field of competition and consumer protection is to ensure the consumers’ sovereignty and well-being. Based on the analysis of literature in this field we have established, as the main focus of our research, a study of the correlation between the degree of market concentration and the level of consumer protection. By using regression analysis applied to data collected from two sectors of activity, respectively the compulsory civil liability insurance for car owners and mobile telecommunications, we have shown that there is a direct correlation, meaning that a high degree of market concentration – which indicates a low competition level, leads to a decrease in the level of consumer protection.

Suggested Citation

  • Stefania-Cristina Curea & Eduard Dinu & Paul Prisecaru, 2017. "The Analysis of the Correlation between the Degree of Market Concentration and the Level of Consumer Protection," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(45), pages 339-339, May.
    • Handle: RePEc:aes:amfeco:v:45:y:2017:i:19:p:339
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    References listed on IDEAS

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    1. Philippe Aghion & Nick Bloom & Richard Blundell & Rachel Griffith & Peter Howitt, 2005. "Competition and Innovation: an Inverted-U Relationship," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 701-728.
    2. 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.
    3. Vasile Dinu & Ivan Marchevski & Eugen Dobrescu & Raluca Mariana Petrescu, 2010. "Education and Training Needs in the Field of Consumer Protection in the Lower Danube Region," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(Special N), pages 709-734, November.
    4. David Sappington & Dennis Weisman, 2010. "Price cap regulation: what have we learned from 25 years of experience in the telecommunications industry?," Journal of Regulatory Economics, Springer, vol. 38(3), pages 227-257, December.
    5. Vasile Dinu, 2010. "The Need for Consumers’ Protection," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(28), pages 262-264, June.
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    More about this item

    Keywords

    degree of market concentration; level of consumer protection; compulsory civil liability insurance for car owners; mobile telecommunications;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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