Preventing innovative cooperations : the legal exemptions unintended side effect / Christian Growitsch; Nicole Nulsch; Margarethe Rammerstorfer
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Preventing innovative cooperations
Discovery
577022199
URN
urn:nbn:de:gbv:3:2-7310
DOI
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Publication history
Halle (Saale) : Inst. für Wirtschaftsforschung, May 2008
Content
Online-Ressource (PDF-Datei: 26 S.) : graph. Darst.
Edition
Language
eng
Comment
Zsfassungen in dt. und engl. Sprache
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. -- Competition policy ; competition law enforcement ; legal exemption system
Series
IWH-Diskussionspapiere ; 2008,6 ppn:37244492X