What should be the purpose of a law defending free competition?: Regarding what is established in the Organic Law of Regulation and Control of Market Power of Ecuador
DOI:
https://doi.org/10.33324/dicere.v1i2.813Keywords:
Competition, Economic efficiency, Social welfare, Consumer welfare, Ecuador's free competition lawAbstract
This paper takes a position on what the purpose of a competition law should be, which is to protect the competitive process (and not the competitors) because it generates economic efficiencies in the market that improve consumer welfare. Likewise, the objective of Ecuador's competition law is analyzed, which, after being modified in 2023, establishes that its purpose is the protection of the general welfare through economic efficiency.
References
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Cadenas, Emilia; Clovin, Jonathan; y Mercant, Juan Manuel (2020). Capítulo I. Defensa de la Competencia. En: Thomasset, Martín Luis (coordinador). Derecho de la Competencia. Montevideo: Fundación de Cultura Universitaria.
Crane, Daniel A. (2014). The Tempting of Antitrust: Robert Bork and de Goals of Antitrust Policy. Antitrust Law Journal, Vol. 79, N° 3, pp. 835-853.
Goyder, D.G. (2003). EC Competition Law. Oxford: Oxford University Press.
Motta, Massimo (2004). Competition Policy. Theory and Practice. Cambridge: Cambridge University Press. DOI: https://doi.org/10.1017/CBO9780511804038
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