Administered Prices

Oles Andriychuk

Administered Prices

Oles Andriychuk

Law

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Abstract

Administered (regulated) prices are requirements imposed on undertakings by governments or other public authorities. Such practices are usually driven by the intentions of regulators to remedy/prevent market failures and similar situations, which are likely to lead to undesirable macroeconomic and non-economic consequences. The prices prescribed imperatively by the public authorities, obscure microeconomic analysis as they are driven by the incentives, which are hard to internalise into equilibrium modelling. The instances of administrated prices are common and hardly avoidable as they are usually legally valid and have strong societal legitimacy appeal. For competition law, administered prices are the exogenous factors, which are capable of changing the outcomes of the assessment of anticompetitive practices.

Original language	English
Title of host publication	The Global Dictionary of Competition Law
Editors	Deborah Healey , Bill Kovacic, Richard Whish
Place of Publication	New York, London
Number of pages	4
Publication status	Published - 31 Dec 2021

Keywords

administered (regulated) prices
regulators

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abstract = "Administered (regulated) prices are requirements imposed on undertakings by governments or other public authorities. Such practices are usually driven by the intentions of regulators to remedy/prevent market failures and similar situations, which are likely to lead to undesirable macroeconomic and non-economic consequences. The prices prescribed imperatively by the public authorities, obscure microeconomic analysis as they are driven by the incentives, which are hard to internalise into equilibrium modelling. The instances of administrated prices are common and hardly avoidable as they are usually legally valid and have strong societal legitimacy appeal. For competition law, administered prices are the exogenous factors, which are capable of changing the outcomes of the assessment of anticompetitive practices. ",

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AB - Administered (regulated) prices are requirements imposed on undertakings by governments or other public authorities. Such practices are usually driven by the intentions of regulators to remedy/prevent market failures and similar situations, which are likely to lead to undesirable macroeconomic and non-economic consequences. The prices prescribed imperatively by the public authorities, obscure microeconomic analysis as they are driven by the incentives, which are hard to internalise into equilibrium modelling. The instances of administrated prices are common and hardly avoidable as they are usually legally valid and have strong societal legitimacy appeal. For competition law, administered prices are the exogenous factors, which are capable of changing the outcomes of the assessment of anticompetitive practices.

KW - administered (regulated) prices

KW - regulators

UR - https://www.concurrences.com/en/dictionary/administered-prices

M3 - Entry for encyclopedia/dictionary

SN - 978-1-939007-05-6

BT - The Global Dictionary of Competition Law

A2 - Healey , Deborah

A2 - Kovacic, Bill

A2 - Whish, Richard

CY - New York, London

ER -

Administered Prices

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Keywords

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