The law of competition

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Publication Details

Subtitle: a crime or a mere misdemeanor?
Author list: Gomes JC, Vilela, NB
Publisher: Bucharest Academy of Economic Studies
Publication year: 2017
Journal: Perspectives of Business Law Journal (2286-0649)
Journal acronym: Persp. Bus. LJ
Volume number: 6
Issue number: 1
Start page: 117
End page: 127
Number of pages: 11
ISSN: 2286-0649
Languages: English-Great Britain (EN-GB)


Abstract

Competition is a public good that supports the proper functioning of the
market economy and democracy itself. Competition is the priority public
good in a market economy since only through it can the goal of
efficiency of affectation and well-being be achieved. It is necessary to
assess, in terms of their impact on the wellbeing of citizens in
general, those that are consumers, as well as the impact of competition
on preservation and self-preservation of companies. The behavior of
economic agents, which we will mainly address as violators of
competition law, has a large impact on the private sphere of citizens
and other companies. From immemorial times, this reality has been, at
least, intuitive and its function attributed to the Law. Unlawful
competition may, from a legal point of view, invest distinct types, as
becomes evident from a geographical and temporal comparison. In our
study we address the evolution of the Competition law in Portugal
throughout he years, and its implications. We conclude that the
non-criminalization of acts that violate the provisions of Competition
Law promotes a repetition, as reiterated behavior, since these are
highly profitable actions, even in the case of very high pecuniary
sanctions.


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Last updated on 2019-10-08 at 00:15