ON SOME ECONOMIC ASPECTS OF THE EUROPEAN COMPETITION POLICY RHETORIC

Andreas Stamate

Romanian Economic Business Review, 2011, vol. 6, issue 3, 127-137

Abstract: Economic aspects are things to look for in any competition policy. The present paper focuses on the European competition policy and its two important general frameworks: Articles 101 and 102 of the Treaty for Establishing the European Community. The two articles prohibit various entrepreneurial actions on a market which can affect the consumer welfare and also, the competition between entrepreneurs. The paper attempts to find economic justifications of the European Commission’s interventions on the market, which is the authority responsible for enforcing the two articles, and also to deliver an alternative theory of the market in the tradition of the Austrian school of economics. The reason for this purpose is that the economic justifications would be the only to legitimate the competition laws.

Keywords: competition policy; prohibiting agreements; free competition; utility; efficiency; welfare (search for similar items in EconPapers)
Date: 2011
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