Shareholder Primacy and Consumer Welfare

Francesco Ducci and Alvaro Pereira

Chapter 1 in Research Handbook on Competition and Corporate Law, 2025, pp 2-25 from Edward Elgar Publishing

Abstract: This chapter explores the relationship between the goals of competition law and corporate law. The consumer welfare standard and the shareholder primacy doctrine represent mainstream economic perspectives on competition law and corporate law, respectively. Both paradigms, however, face increasing criticisms for neglecting broader non-economic goals such as reducing inequality, protecting small businesses, and promoting environmental sustainability. The chapter discusses key parallelisms in the academic debates on the normative objectives of competition law and corporate law, shedding light on a common tension between single-purpose and pluralistic approaches to the design and interpretation of legal rules in both fields. The chapter argues for integrating academic discussions on the goals of competition and corporate law.

Keywords: Competition Law; Corporate Law; Corporate Governance; Market Power; Shareholder Primacy; Consumer Welfare (search for similar items in EconPapers)
Date: 2025
ISBN: 9781803920542
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781803920559.00011 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21434_1

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().