Common Errors and Misunderstandings in Competition Law: An Economist's View
12 Pages Posted: 26 Jan 2013
Date Written: June 7, 2012
This paper discusses five errors and misunderstandings in the application of competition law which are particularly relevant from the perspective of an economist: 1) The notion that economists and lawyers do not mix well; 2) The notion that economists should not (but often do) disagree; 3) The (ab)use of empirical evidence; 4) The (un)importance of tacit collusion; 5) The vertical restraints conundrum.
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