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The Modalities Of Legal Regulation Of Market Competition And Their Relationship To The Economic Role Of The Government
Ist Teil von
Godišnjak pravnog fakulteta u Sarajevu, 2011-01 (55), p.263-284
Erscheinungsjahr
2011
Link zum Volltext
Quelle
Worldwide Political Science Abstracts
Beschreibungen/Notizen
The market is the most efficient functional framework of economic flows, but it is not perfect. Market imperfections that emerge in the form of cartels, the abuse of dominant position or prohibited concentrations produce negative and far-reaching consequences for the overall economy and the economic development of the community. The state holds the function of a regulator of relations between the market participants by providing conditions for the smooth operation of market competition, and, thus, both market competition and relations that arise in connection with it are an object of legal regulation. The modalities of legal regulation of market competition include different modes of control of market competition, or of establishing and implementing systems for its legal protection. In addition to legislation, the system of legal protection of market competition also includes bodies and competent institutions in charge of the implementation of the legal protection process. The aim of this paper is to emphasize the importance of the link between the competition law and the economic role of the state and to offer a different way of examining the competition law. This paper defines the concept of modalities of legal regulation of market competition as a way in which to regulate and protect market competition and conducts a classification of modalities of its objectives and principles. Adapted from the source document.