George Raitt
Metaphysics of Market Power: The Zero-sum Competition and Market Manipulation Approach
Metaphysics of Market Power: The Zero-sum Competition and Market Manipulation Approach
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Australian competition law has undergone significant reform, but the controversy continues due to the traditional legal conception of market power. This book offers a radical interpretation of market power based on the power to manipulate, providing positive and normative standards for liability for misuse of that power and suggesting ways to improve the forensic assessment of conduct that should be condemned.
Format: Hardback
Length: 328 pages
Publication date: 02 May 2019
Publisher: Bloomsbury Publishing PLC
Australian competition law has recently undergone a significant period of reform, resulting in contentious changes to the legal test used to differentiate between normal competitive conduct and conduct that should be condemned. The ongoing controversy is likely due to the traditional legal understanding of market power, which fails to provide a practical framework in real-world markets. This groundbreaking new book presents a radical interpretation of market power, focusing on the ability to manipulate. By viewing market power in this manner, it becomes possible to establish positive and normative standards for framing a legal theory of liability for misuse of that power. The book offers valuable suggestions to enhance the forensic assessment of conduct that should be deemed as misuse of market power.
Australian competition law has recently undergone a significant period of reform, resulting in contentious changes to the legal test used to differentiate between normal competitive conduct and conduct that should be condemned. The ongoing controversy is likely due to the traditional legal understanding of market power, which fails to provide a practical framework in real-world markets. This groundbreaking new book presents a radical interpretation of market power, focusing on the ability to manipulate. By viewing market power in this manner, it becomes possible to establish positive and normative standards for framing a legal theory of liability for misuse of that power. The book offers valuable suggestions to enhance the forensic assessment of conduct that should be deemed as misuse of market power.
Weight: 624g
Dimension: 165 x 241 x 22 (mm)
ISBN-13: 9781509928071
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