The European view of economic competition, which is the European Parliament view and enforced by the European Commission does not have a coherent theory of efficiency in allocating resources and justice on a market. The positive law proceeds at incriminating and penalizing with arbitrarily fixed...

The perfect competition model is not the only model which we can use in analyzing the markets.Although it is quite clear that competition laws are based on it, there are not sufficient reasons to confirm its suitability for this enterprise. We raise the question of realism implied in concepts...

Economic aspects are things to look for in any competition policy. The present paper focuses on the European competition policy and its two important general frameworks: Articles 101 and 102 of the Treaty for Establishing the European Community. The two articles prohibit various entrepreneurial...

The paper summarizes the contributions of the neoclassical and Austrian school ofthought in the field of monopoly theory arguing that the first uses non-operational concepts indescribing the entrepreneur‘s actions on the market. The Austrian economic theory of freecompetition is the opposite...

This paper analyzes the contributions of some of the pre-scholastic and scholastic writers on the doctrine of the “just price”. According to their perspective it is difficult to establish an objective method for discovering the “just price” of goods on the market. On the contrary, they...

Cartelizing is today among the most hunted business conduct in the world. Competition authorities from the countries where these statutes were adopted embrace the wisdom that such agreements between competitors are unquestionably anti-competitive. As opposed to other business practices, cartel...

Between 2004 and 2008, Microsoft was fined by the European Commission with 1.67 billion Euros for abuse of dominant position and tying products on the European operating system market. The paper delivers a short history of the case, and analyzes both Microsoft and European Commission actions...