What law can learn from behavioural economics? The case of state aid following COVID-19 Cover Image

Czego nauki prawne mogą się nauczyć od ekonomii? Sprawa pomocy publicznej po pandemii COVID-19
What law can learn from behavioural economics? The case of state aid following COVID-19

Author(s): Jakub Kociubiński
Subject(s): Economy, National Economy, Micro-Economics, Economic policy, Law on Economics, Financial Markets, Socio-Economic Research
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: Covid-19;pomoc publiczna;kryzys;
Summary/Abstract: This chapter provides an overview of the newest European Union’s State aid acquis regarding interpretative trends revealed during the wave of COVID-19 relief measures and on this basis seeks to identify areas where law can learn from economics, in-line with the so-called More Economic Approach which is often proclaimed but rarely attained in state aid evaluations. The paper begins with a brief outline of the EU State aid instruments used to remedy economic disturbances. Then the analysis moves to the examination of identified problem areas – a risk of moral hazard resulting from extending subsidies beyond the absolute necessity and an issue of imposing conditions on the aid beneficiaries to ensure their adaptation to new, post-crisis market conditions. At the conclusion, the challenges associated with integrating economics into legal texts are analysed and recommendations are formulated.

  • Page Range: 170-184
  • Page Count: 15
  • Publication Year: 2023
  • Language: Polish