The Development of Competition Law

The Development of Competition Law

Global Perspectives

ASCOLA Competition Law series

Edited by Roger Zäch, Andreas Heinemann and Andreas Kellerhals

This innovative book discusses the global character of competition law focusing on three interrelated perspectives; firstly, the impact of economics on competition policy; secondly, the competition law experience in selected countries (USA, EU, Japan, India, China, Brazil, transition countries) and how the law has adapted to the political, economic, geographic and cultural environment; and thirdly, the process of internationalisation and convergence of competition law.

Chapter 3: Freedom to Compete or Consumer Welfare: The Goal of Competition Law According to Constitutional Law

Roger Zäch and Adrian Künzler

Subjects: law - academic, competition and antitrust law


Roger Zäch* and Adrian Künzler** 1 INTRODUCTION Under the basic constitutional provisions of the USA, the EU and many European countries, the overall purpose of legal rules against private restraints on competition is to favour economic prosperity, which includes consumer welfare.1 However, legal rules against private restraints on competition are not aimed at creating economic prosperity directly. This is rather brought about indirectly, by protecting the freedom to compete of actors on markets, and can even occur against their will.2 The reason for this is that freedom to compete generally leads to competition and competition leads to an efficient allocation of resources and thus to consumer welfare. The goal of competition law, therefore, is to ensure the freedom to compete of individuals and thus to safeguard the competitive process. Due to the influence of the so called ‘more economic approach’ in the EU legal rules have recently been enacted and opinions expressed that could result in future scenarios in which restraints on competition are assessed directly under the aspect of consumer welfare, efficient allocation * Professor of Law em., Director at the Europa Institute, University of Zurich, Switzerland. ** Dr.iur., District Court of Zurich, Switzerland. 1 Article 3 lit. g and Preamble to the EC Treaty; see for example also Articles 94, 96 and 27 of the Swiss Federal Constitution. 2 Zäch, R. and A. Künzler (2006), ‘Individualschutz und Institutionsschutz als Aufgaben des Kartellrechts’ in R. Zäch, C. Breining-Kaufmann, P. Breitschmid, W. Portmann, A. Thier, W. Ernst...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information