Competition Buzz: The Foundations of Unfair Terms Regulation: An Alternative Economic Analysis
By: Roger Merino
The new Peruvian “Code of Protection and Defense of Consumers” has been blamed of “socialist” and “fascist” because it prohibits unfair terms. For the critics this regulation would be paternalistic and inefficient by limiting the consumers “right to choice.” These critiques are based on an orthodox economic analysis rooted in neoclassical economics on one hand, and Austrian economic on the other hand. The aim of this essay is to criticize the conservative critique by demonstrating that there are alternative economic movements that provide strong economic, social and ethic foundations for the regulation of unfair terms.
Full Content (in Spanish): SSRN
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI