The institutional-evolutionary antitrust model |
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Authors: | C Mantzavinos |
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Institution: | (1) Faculty of Management and Economics, Witten/Herdecke University, Alfred-Herrhausen Str. 50, 58448 Witten, Germany |
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Abstract: | The purpose of this article is to provide an alternative antitrust model to the mainstream model that is used in competition
policy. I call it the Institutional-Evolutionary Antitrust Model. In order to construct an antitrust model one needs both
empirical knowledge and considerations of how to adequately deal with norms. The analysis of competition as an evolutionary
process that unfolds within legal rules provides the empirical foundation for the model. The development of the normative
dimension involves the elaboration of a comparative approach. Building on those foundations the main features of the Institutional-Evolutionary
Model are sketched out and it is shown that its use leads to systematically different outcomes and conclusions than the dominant
antitrust ideals.
JEL Classification B52. D83. K21 |
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Keywords: | Antitrust Competition policy Institutions Competition Evolution |
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