1. Cartel and Monopoly Policy
- Author
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Frédéric Marty, Hugues Bouthinon-Dumas, ESSEC Business School, Essec Business School, Groupe de Recherche en Droit, Economie et Gestion (GREDEG), Université Nice Sophia Antipolis (... - 2019) (UNS), COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Centre National de la Recherche Scientifique (CNRS)-Université Côte d'Azur (UCA), Dietrich Michael and Krafft Jackie, and SRM
- Subjects
Competition Policy,monopolization,legal uncertainty,effect based approach,approche par les effets,insécurité juridique,cartel,abus de position dominante,Politique de concurrence ,cartel ,legal uncertainty ,abus de position dominante ,Competition (economics) ,Competition Policy ,[SHS.DROIT]Humanities and Social Sciences/Law ,Market economy ,Business and Management, Economics and Finance ,0502 economics and business ,Economics ,Merger control ,050207 economics ,Monopolization ,insécurité juridique ,Politique de concurrence ,Industrial organization ,0505 law ,approche par les effets ,050502 law ,effect based approach ,monopolization ,05 social sciences ,Cartel ,Institutional economics ,[SHS.ECO]Humanities and Social Sciences/Economics and Finance ,Competition law ,JEL: L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior ,JEL: K - Law and Economics/K.K2 - Regulation and Business Law/K.K2.K21 - Antitrust Law ,Position (finance) ,JEL: L - Industrial Organization/L.L4 - Antitrust Issues and Policies ,Monopoly - Abstract
Firm strategies are deeply affected by the legal framework which rules the relationships between the economic agents regarding monopoly and cartel policy. Undertakings have to manoeuvre through a complex universe. Not only must they master the rules of the economic game of competition but also the legal rules of competition law which are characteristic of competition and add up to the aforementioned. Monopoly and cartel policy presents itself as an important limitation to the freedom of action of firms and as a source of risks because some of their behaviours or choices are likely to be challenged, even punished by the competition authorities for the sake of the market preservation. Yet, firms can be strongly tempted to be harmful to competition insomuch as cartel and monopolies or taking advantage of a dominant position are means generally efficient for reaching the goals companies are aiming at in a capitalistic economy: the increase of profits thanks to the growth of margins and the "quiet life" thanks to a better control of their environment. First we will present the bases of monopoly and cartel policy (1) then the rules that result from it (2) before taking into account the competition authority decisional practices and their consequences on the firms' strategies (3).
- Published
- 2013
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