A Behavioural Approach to Antitrust Law and Economics
Consumer Policy Review, Vol. 14, No. 1, 2004
4 Pages Posted: 6 Jun 2006 Last revised: 11 Jan 2009
Unlike traditional antitrust analysis, a behavioural approach to antitrust law and economics is grounded in empirical observations of human behaviour. These reveal that judgments and decisions by real decision-makers in the market deviate systematically from those predicted by the rational actor-based models of traditional antitrust law and economics. The behavioural approach therefore has the potential to identify more accurately those harmful anticompetitive market behaviours.
Keywords: antitrust law, competitive markets, economics, behavioural approach, law
JEL Classification: K21, K22, K00, K30, K39, K40, K49
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