Optimal legal standards for competition policy further re-visited
Abstract
Katsoulacosand Ulph (2009) showed how all the factors identified as being relevant to choosing between a Per Se and an Effects-Basedlegal standard in terms of their decision error costs could be combined into asimple formula for determining which standard to use. Seifert (2020) gives an alternativecharacterisation of an Effects-Based legal standard and shows that itsdecision error costs are never higher than those of Per Se. We argue that nevertheless our originalformula remains valid for choosing between these two legal standards.
Citation
Katsoulacos , Y & Ulph , D 2020 , ' Optimal legal standards for competition policy further re-visited ' , Economics Letters , vol. 196 , 109578 . https://doi.org/10.1016/j.econlet.2020.109578
Publication
Economics Letters
Status
Peer reviewed
ISSN
0165-1765Type
Journal article
Rights
Copyright ©2020 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Collections
Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.