2018
DOI: 10.1017/beq.2018.2
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Doing Good Together: Competition Law and the Political Legitimacy of Interfirm Cooperation

Abstract: ABSTRACT:Demands have been growing upon firms to take actions in the interests of workers, the environment, local communities, and others. Firms sometimes have felt they could best discharge such responsibilities by cooperating with other firms. This, however, is suspect from the point of view of a purely economic interpretation of competition law, since interfirm agreements may raise prices and thus lower welfare for consumers. Should competition law remain focused on competition enhancing economic welfare, o… Show more

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Cited by 12 publications
(8 citation statements)
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“…Whether these activities are irresponsible are up for debate, as there is no consensus on the role corporations allowed to play in politics or in the pursuit of science (cf. Claassen and Gerbrandy 2018;Hussain and Moriarty 2018;Wettstein and Baur 2016;). If we want a full and inclusive answer to the question what kind of behaviour of food firms in regard to public health is morally (un)acceptable, the food industry's impact on politics and scientific research should be assessed.…”
Section: Rethinking the Food Industry's Involvement In Politics And Scientific Researchmentioning
confidence: 99%
“…Whether these activities are irresponsible are up for debate, as there is no consensus on the role corporations allowed to play in politics or in the pursuit of science (cf. Claassen and Gerbrandy 2018;Hussain and Moriarty 2018;Wettstein and Baur 2016;). If we want a full and inclusive answer to the question what kind of behaviour of food firms in regard to public health is morally (un)acceptable, the food industry's impact on politics and scientific research should be assessed.…”
Section: Rethinking the Food Industry's Involvement In Politics And Scientific Researchmentioning
confidence: 99%
“…Though this question seems somewhat outside the scope of this chapter we have argued that private firms can indeed justify their 'political power' in terms of legitimacy. 53 A second question would focus on the role of the competition authorities, charged with enforcement of the (European) competition rules. Whilst we have discussed the role of civil society in influencing the corporate agenda of firms, the question here is on which grounds these authorities can legitimately decide upon the weight of the different interests as stake.…”
Section: Legitimacy Of Rbc As An Exercise Of Political Rightsmentioning
confidence: 99%
“…One way around this is through the intersubjective nature of competition agreements, where market actors make up for the lack of governmental intervention by constraining themselves through "treaty," as discussed byClaassen and Gerbrandy (2018). This seems right, but of course, we then need some way of distinguishing between socially beneficial agreements and efficiency-reducing collusion.…”
mentioning
confidence: 99%