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Das institutionenökonomisch-evolutionäre Wettbewerbsleitbild / Competition Policy from an Institutional-Evolutionary Perspective

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  • Mantzavinos C.

    (Wirtschaftsfakultät, Universität Witten/Herdecke, Alfred- Herrhausen-Str. 50, D-58448 Witten, Germany)

Abstract

I propose in this paper principles for antitrust analysis that are drawn from theoretical developments in New Institutional Economics and Evolutionary Economics. In order to provide a guide to antitrust regulation one needs two building blocks, the scientific results on the nature of the competitive process and a conception of how to deal with normative issues. To start with, I show that competition is best theoretically analyzed as an evolutionary process unfolding within legal rules. I proceed with showing the shortcomings of the dominant paradigms dealing with normative issues in economics, i.e. of welfare economics and constitutional economics and with suggesting the principle of critical examination as an alternative. The institutional-evolutionary guide for antitrust regulation is sketched then building on these blocks and I plead for a rule-governed antitrust policy which mainly operates with per se rules that are formulated in a negative way.

Suggested Citation

  • Mantzavinos C., 2005. "Das institutionenökonomisch-evolutionäre Wettbewerbsleitbild / Competition Policy from an Institutional-Evolutionary Perspective," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 225(2), pages 205-224, April.
    • Handle: RePEc:jns:jbstat:v:225:y:2005:i:2:p:205-224
    DOI: 10.1515/jbnst-2005-0207
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    References listed on IDEAS

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    1. repec:mhr:untord:urn:isbn:9783161465550 is not listed on IDEAS
    2. Uwe Cantner & Horst Hanusch, 2000. "Heterogeneity and Evolutionary Change- Empirical Conception, Findings and Unresolved Issues," Discussion Paper Series 190, Universitaet Augsburg, Institute for Economics.
    3. Lachmann, Ludwig M, 1976. "From Mises to Shackle: An Essay on Austrian Economics and the Kaleidic Society," Journal of Economic Literature, American Economic Association, vol. 14(1), pages 54-62, March.
    4. J. M. Clark, 1954. "Competition and the Objectives of Government Policy," International Economic Association Series, in: Edward H. Chamberlin (ed.), Monopoly and Competition and their Regulation, pages 317-337, Palgrave Macmillan.
    5. John Foster & J. Stanley Metcalfe (ed.), 2001. "Frontiers of Evolutionary Economics," Books, Edward Elgar Publishing, number 2234.
    6. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    7. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    8. Mantzavinos,C., 2001. "Individuals, Institutions, and Markets," Cambridge Books, Cambridge University Press, number 9780521773584, January.
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    Cited by:

    1. Peter Schmidt, 2018. "Market failure vs. system failure as a rationale for economic policy? A critique from an evolutionary perspective," Journal of Evolutionary Economics, Springer, vol. 28(4), pages 785-803, September.
    2. Dieter Schmidtchen, "undated". "Wettbewerbsfreiheit, Per se Verbote und die Rule of Reason – Anmerkungen zum institutionenökonomisch-evolutionären Wettbewerbsleitbild
      Freedom to compete, per se rules and the rule of reason – Re      ," German Working Papers in Law and Economics 2006-1-1159, Berkeley Electronic Press.

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