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The Consumer Welfare Hypothesis in Law and Economics
Fabrizio Esposito
其他書名
Towards a Synthesis for the 21st Century
出版Edward Elgar Publishing, 2022-11-18
主題Law / JurisprudenceLaw / AntitrustBusiness & Economics / Economics / General
ISBN180037965X9781800379657
URLhttp://books.google.com.hk/books?id=AcKdEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋The Consumer Welfare Hypothesis in Law and Economics is a compelling account of market relations with firm roots in economic theory and legal practice. This incisive book challenges the mainstream view that allocative efficiency is about total welfare maximisation. Instead, it argues for the consumer welfare hypothesis, in which allocating resources efficiently means maximising consumer welfare, and demonstrates that legal structures such as antitrust and consumer law are in reality designed and practised with this goal in mind.