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Optimal Legal Standards for Competition Policy Revisited

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journal contribution
posted on 2020-07-10, 15:03 authored by J Seifert
I extend the model of legal standards in Katsoulacos and Ulph (2009) to allow for optimal statistical decision-making by the regulator. I show that an effects-based standard produces weakly lower decision error costs than a per se standard in this setting. I also use the framework to highlight an important implicit assumption underlying the comparison of legal standards in the cited paper.

History

Citation

Economics Letters Volume 194, September 2020, 109359

Author affiliation

School of Business

Version

  • AM (Accepted Manuscript)

Published in

Economics Letters

Volume

194

Pagination

109359

Publisher

Elsevier

issn

0165-1765

Acceptance date

2020-06-26

Copyright date

2020

Available date

2022-01-04

Language

en

Publisher version

https://www.sciencedirect.com/science/article/pii/S0165176520302299#d1e88

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