CODE OF GOOD PRACTICES - DEVELOPMENT MEASURE OF LOIAL PARTNERSHIP BETWEEN MARKET ACTORS

Anatolie Caraganciu and Constanta Tiuhtii

Management Strategies Journal, 2018, vol. 42, issue 4, 244-250

Abstract: The activity and development of market actors is conditioned by their interaction with downstream and upstream market players. Signing of long-term cooperation contracts ensures the stable activity of economic agents. In most cases, the economic agent with a higher market power tends to express his superiority and consolidate his position on the market. He claims contractual conditions, which the other party has to accept from the necessity to survive on the market. Anticompetitive contractual conditions are likely to take the form of abuse of a dominant position. This way, networks directly push suppliers to sell at a certain price or quantity, as well as requiring customer selection. At the same time, they can take the form of a cartel agreement, which leads to the creation of entry barriers for other suppliers. An effective measure to prevent and remove breaches in contractual relationships between retailers and suppliers is to undertake commitments to correct and avoid anti-competitive practices by market actors. As a consolidation of good practices, The Code of Good Practice is the agreement of loyal relations with market players, ensuring a free competition market.

Keywords: Loial practices; Commitment policy; Code of good practices; Cartel agreement; Abuse of dominant position. (search for similar items in EconPapers)
JEL-codes: K2 K4 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:42:y:2018:i:4:p:244-250

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