Zum Verhältnis von Recht und Ökonomie in der Wettbewerbspolitik: Eine Erwiderung auf Mestmäcker / On the Dualism of Law and Economics in the Interpretation and Application of Competition Rules

Schmidtchen Dieter

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2009, vol. 60, issue 1, 153-168

Abstract: This article defends the position that the basic problem to be solved by competition law is of a “reciprocal nature” (Coase). Giving more freedom to one party (extending the scope of its property rights) necessarily means less freedom to another party. Thus, the design of property rights is a zero-sum game that cannot be solved by using freedom as a guideline but by reference to economic efficiency. The article takes issue with a criticism of this position put forward by Mestmäcker in this journal 2008.

Date: 2009
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DOI: 10.1515/ordo-2009-0109

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