The Nature of Markets, Behavioral Economics and Antitrust
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Abstract
The research in «behavioral» economics criticizes and enriches the rationality assumption of economic theory. In this way, it may help synthesize various schools of economic thought different from neoclassical orthodoxy, which still focuses on parametric concepts of optimization and equilibrium. This possibility is of special importance for antitrust legal doctrines, which continuously discuss basic economic concepts, and therefore aim to assimilate contributions of behavioral economics.
Keywords
- Behavioral Economics
- Competition
- Antitrust
