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Faculty of Business Administration and Economics, Philipps-Universität Marburg >
Marburg Papers on Economics • Marburger Volkswirtschaftliche Beiträge, Universität Marburg >
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http://hdl.handle.net/10419/29855
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Christiansen, Arndt | | en_US |
| dc.contributor.author | | Kerber, Wolfgang | | en_US |
| dc.date.accessioned | | 2006-10-10 | | en_US |
| dc.date.accessioned | | 2010-02-12T14:19:45Z | | - |
| dc.date.available | | 2010-02-12T14:19:45Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/29855 | | - |
| dc.description.abstract | | Both in US antitrust and EU competition policy a development to a broader appli-cation of rule of reason instead of per se rules can be observed. In the European discussion the attempt to base competition policy on a more economic approach is mainly viewed as im-proving the economic analysis in the assessment of specific cases. In this paper it is shown from a general law and economics perspective that the application of rules instead of focus-sing on case-by-case analyses can have many advantages (less regulation costs, rent seeking and knowledge problems), although an additional differentiation of rules through a deeper assessment can also have advantages in regard to the reduction of decision errors of type I and II. After introducing the notion of a continuum of more or less differentiated rules, we show - based upon law and economics literature upon the optimal complexity of rules - in a simple model that a competition rule is optimally differentiated, if the marginal reduction of the sum of error costs (as the marginal benefit of differentiation) equals the marginal costs of differen-tiation. This model also allows for a more detailed analysis of the most important determi-nants of the optimal degree of rule-differentia¬tion. From this law and economics perspective, competition policy should consist mainly of (more or less differentiated) rules and should only rarely rely on case-by-case analysis. Therefore the main task of a more economic ap-proach is to use economics for the formulation of appropriate competition rules. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ., Fachbereich Wirtschaftswiss. Marburg | | en_US |
| dc.relation.ispartofseries | | Marburger volkswirtschaftliche Beiträge 2006,06 | | en_US |
| dc.subject.jel | | K21 | | en_US |
| dc.subject.jel | | K40 | | en_US |
| dc.subject.jel | | L40 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Competition Policy | | en_US |
| dc.subject.keyword | | European Competition Law | | en_US |
| dc.subject.keyword | | Rule of Reason | | en_US |
| dc.subject.stw | | Wettbewerbspolitik | | en_US |
| dc.subject.stw | | EU-Politik | | en_US |
| dc.subject.stw | | EU-Staaten | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Competition policy with optimally differentiated rules instead of per se rules vs. rule of reason | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 518536432 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Marburg Papers on Economics • Marburger Volkswirtschaftliche Beiträge, Universität Marburg
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