IDEAS home Printed from https://ideas.repec.org/a/rnp/ecopol/ep1746.html
   My bibliography  Save this article

Interrelationship between Economic Theory and Competition Policy
[Взаимное Влияние Экономической Теории И Конкурентной Политики]

Author

Listed:
  • Shastitko, Anastasia A. (Шаститко, Анастасия)

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Legal uncertainty is one of the most serious problems of the antitrust law that is caused by the way the law is enforced in different countries, the way competition policy has developed, and its underlying economic theory. Legal uncertainty reveals itself in the absence of a uniform goal of competition policy both at the level of the underlying economic theory, and at the level of antitrust authorities. In its turn, the way competition policy has developed, and the way it is implemented in different countries affect economic theory in general and the definition of competition in particular. It was shown that the goals of competition policy not only fail to correspond to the ones it was created for, but contradict them. It might have been caused by the emergence of the underlying economic theory at some point in the history of competition policy, and by the influence of other economic policies on the goals of competition policy. The article offers an analysis of competition policy from the historical perspective that allows to identify new aspects of the key problems of competition policy. In particular, the article reviews the issue of competition as a market structure, as a behavior of a company in the market, and as an outcome of some behavior of a company in the market. These approaches to the definition of competition do not always comply with each other and sometimes are contradictive. The issue of a contradiction between the rule of law and rule of reason approaches is also touched upon.

Suggested Citation

  • Shastitko, Anastasia A. (Шаститко, Анастасия), 2017. "Interrelationship between Economic Theory and Competition Policy [Взаимное Влияние Экономической Теории И Конкурентной Политики]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 154-167, August.
  • Handle: RePEc:rnp:ecopol:ep1746
    as

    Download full text from publisher

    File URL: https://repec.ranepa.ru/rnp/ecopol/ep1746.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stephen Breyer, 2009. "Economic Reasoning and Judicial Review," Economic Journal, Royal Economic Society, vol. 119(535), pages 123-135, February.
    2. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    3. Авдашева С. Б. & Шаститко А. Е., 2010. "Конкурентна Я Политика : Состав, Структура, Система 1," Современная конкуренция, CyberLeninka;Общество с ограниченной ответственностью «Синергия ПРЕСС», issue 1, pages 5-20.
    4. Richard Schmalensee, 2012. "“On a Level with Dentists?” Reflections on the Evolution of Industrial Organization," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 41(3), pages 157-179, November.
    5. Stephen Breyer, 2009. "Economic Reasoning and Judicial Review," Economic Journal, Royal Economic Society, vol. 119(535), pages 123-135, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. MacLeod, W. Bentley, 2011. "Great Expectations: Law, Employment Contracts, and Labor Market Performance," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 18, pages 1591-1696, Elsevier.
    2. Patrice Bougette & Oliver Budzinski & Frédéric Marty, 2019. "Exploitative Abuse and Abuse of Economic Dependence: What Can We Learn From an Industrial Organization Approach?," Revue d'économie politique, Dalloz, vol. 129(2), pages 261-286.
    3. Budzinski, Oliver, 2012. "Würde eine unabhängige europäische Wettbewerbsbehörde eine bessere Wettbewerbspolitik machen?," Ilmenau Economics Discussion Papers 78, Ilmenau University of Technology, Institute of Economics.
    4. Bougette, Patrice & Deschamps, Marc & Marty, Frédéric, 2015. "When Economics Met Antitrust: The Second Chicago School and the Economization of Antitrust Law," Enterprise & Society, Cambridge University Press, vol. 16(2), pages 313-353, June.
    5. Shastitko, Anastasia (Шаститко, Анастасия), 2014. "Behavioral Antitrust [Поведенческий Антитраст]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 76-91, December.
    6. Oliver Budzinski, 2010. "An Institutional Analysis of the Enforcement Problems in Merger Control," Working Papers 101/10, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    7. Jürgen-Peter Kretschmer, 2014. "How to deal with resale price maintenance: What can we learn from empirical results?," European Journal of Law and Economics, Springer, vol. 38(2), pages 343-368, October.
    8. Anastasia Shastitko, 2018. "Empirical assessment of the role of economic analysis in the Russian antitrust: Why is economic analysis used?," European Journal of Law and Economics, Springer, vol. 45(2), pages 313-330, April.
    9. Budzinski Oliver & Kuchinke Björn A., 2012. "Deal or No Deal? Consensual Arrangements as an Instrument of European Competition Policy," Review of Economics, De Gruyter, vol. 63(3), pages 265-292, December.
    10. Budzinski, Oliver & Haucap, Justus, 2019. "Kartellrecht und Ökonomik: Institutions matter!," DICE Ordnungspolitische Perspektiven 102, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    11. Oliver Budzinski, 2009. "Modern Industrial Economics and Competition Policy: Open Problems and Possible Limits," Working Papers 93/09, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    12. Cao, Siying, 2022. "Quantifying Economic Reasoning in Court: Judge Economics Sophistication and Pro-business Orientation," Working Papers 321, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    13. Haucap, Justus, 2010. "Eingeschränkte Rationalität in der Wettbewerbsökonomie," DICE Ordnungspolitische Perspektiven 08, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    14. A.J. Arnold, 2017. "Capital reduction case law decisions and the development of the capital maintenance doctrine in late-nineteenth-century England," Accounting and Business Research, Taylor & Francis Journals, vol. 47(2), pages 172-190, February.
    15. Yariv, Leeat & Jackson, Matthew O., 2018. "The Non-Existence of Representative Agents," CEPR Discussion Papers 13397, C.E.P.R. Discussion Papers.
    16. SAITO Yukiko, 2013. "Role of Hub Firms in Geographical Transaction Network," Discussion papers 13080, Research Institute of Economy, Trade and Industry (RIETI).
    17. Emanuela Marrocu & Raffaele Paci & Stefano Usai, 2013. "Productivity Growth In The Old And New Europe: The Role Of Agglomeration Externalities," Journal of Regional Science, Wiley Blackwell, vol. 53(3), pages 418-442, August.
    18. Duranton, Gilles & Jayet, Hubert, 2011. "Is the division of labour limited by the extent of the market? Evidence from French cities," Journal of Urban Economics, Elsevier, vol. 69(1), pages 56-71, January.
    19. Kristien Werck & Bruno Heyndels & Benny Geys, 2008. "The impact of ‘central places’ on spatial spending patterns: evidence from Flemish local government cultural expenditures," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 32(1), pages 35-58, March.
    20. Koech Cheruiyot, 2022. "Detecting spatial economic clusters using kernel density and global and local Moran's I analysis in Ekurhuleni metropolitan municipality, South Africa," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(2), pages 307-327, April.

    More about this item

    Keywords

    competition policy; competition; legal uncertainty; rule of law; rule of reason.;
    All these keywords.

    JEL classification:

    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1746. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RANEPA maintainer (email available below). General contact details of provider: https://edirc.repec.org/data/aneeeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.