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New Developments in Competition Law and Economics (Hardcover, 1st ed. 2019)
Loot Price: R4,521
Discovery Miles 45 210
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New Developments in Competition Law and Economics (Hardcover, 1st ed. 2019)
Series: Economic Analysis of Law in European Legal Scholarship, 7
Expected to ship within 10 - 15 working days
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This book further develops both the traditional and the behavioural
approach to competition law, and applies these approaches to a
variety of timely issues. It discusses several fundamental
questions regarding competition law and economics, and explores the
applications of competition law and economics. In turn, the book
analyses the interplay of intellectual property rights and patents
in various aspects of competition law, and investigates the impacts
that developments in information technology, such as big data
analytics, have on competition law. The book also discusses the
impact of energy law reforms on energy markets from a competition
law perspective. Competition law is a classic field of economic
analysis. This is largely due to the fact that competition law uses
terms such as market, price, and competition and must therefore
rely on economic know-how and analyses. In the United States,
economic analysis has greatly influenced not just the scholarship
on antitrust law, but also judicial decisions and agency
enforcement. Antitrust law and economics are based on the
traditional paradigm of neoclassical economics, which relies on the
assumption that the market players, i.e. consumers and producers,
are rational. This approach to competition law was later received
in Europe under the banner of a "more economic approach". For the
past two decades, behavioural law and economics, which seeks to
generate better insights into legal phenomena by providing more
realistic psychological foundations for economic models, and to
offer a multitude of applications in legislation and legal
adjudication, has challenged the traditional economic approach to
law in general and, more recently, to competition law specifically.
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