Substance and Process in Competition Law and Enforcement: Why We Should Care If It's Not Fair

Abstract

The hallmark of an effective law is that it is obeyed by those subject to it. A law that prohibits certain types of conduct is not effective if it does not influence behaviour to conform with it. Moreover, law enforcement authorities are limited in their capacity and resources and rely on most of those who are subject to the law to comply voluntarily with it most of the time. Given this, it is essential to understand the factors that influence compliance with the law.

Keywords: competition law, law enforcement

JEL Classification: K21