|
EconStor >
Institut für Wirtschaftsforschung Halle (IWH) >
IWH-Diskussionspapiere, Institut für Wirtschaftsforschung Halle (IWH) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/29976
|
| | |
| Title: | | Preventing innovative cooperations: The legal exemptions unintended side effect  |
| Authors: | | Growitsch, Christian Nulsch, Nicole Rammerstorfer, Margarethe |
| Issue Date: | | 2008 |
| Series/Report no.: | | IWH-Diskussionspapiere 2008,6 |
| Abstract: | | In 2004, European competition law had been faced with considerable changes due to the introduction of the new Council Regulation No. 1/2003. One of the major renewals was the replacement of the centralized notification system for inter-company cooperations in favor of a so-called legal exemption system. We analyze the implications of this reform on the agreements firms implement. In contrast to previous research we focus on the reform's impact on especially welfare enhancing, namely innovative agreements. We show that the law's intention to reduce the incentive to establish illegal cartels will be reached. However, by the same mechanism, also highly innovative cooperations might be prevented. To avoid this unintended effect, we conclude that only fines but not the monitoring activities should be increased in order to deter illegal but not innovative agreements. |
| Subjects: | | Competition policy competition law enforcement legal exemption system |
| JEL: | | K42 L40 |
| Persistent Identifier of the first edition: | | urn:nbn:de:gbv:3:2-7310 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IWH IWH-Diskussionspapiere, Institut für Wirtschaftsforschung Halle (IWH)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/29976
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|