Economic theories and models in
competition policy regarding vertical agreements Cover Image

Teorie i modele ekonomiczne w polityce konkurencji dotyczącej porozumień wertykalnych
Economic theories and models in competition policy regarding vertical agreements

Author(s): Zbigniew Jurczyk
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: economization of competition law; vertical agreements; vertical restraints; competition policy models and schools

Summary/Abstract: Vertical agreements constitute one of the most important areas of competition policy. Nowadays more economic approach is being applied in the assessment of this kind of market practices. Economic standards in competition law oblige antimonopoly agencies to factor in both the pro-competitive and anticompetitive dimensions of any particular vertical restraints. The framework of the economics analysis discloses that most alleged anticompetitive agreements that organize cooperation between enterprises operated on upstream and downstream market are in accordance with the competition law. In consequence, applying the economics analysis has caused a more liberal treatment of vertical restraints. This paper reviews the role and the impact of the more important theory and economic school on the applications of antimonopoly law to vertical restraints. Models and recommendations of the neoclassical economics, the Harvard School, the Chicago and Post-Chicago School, the ordoliberal school, the Austrian and neo-Austrian school as well as the transaction cost theory are presented one after another.

  • Issue Year: 2017
  • Issue No: 493
  • Page Range: 100-116
  • Page Count: 17
  • Language: Polish