Keywords
K21, K20, management, antitrust, competition protection, economics, risk, econometrics
Abstract
Conducting an economic activity means the permanent clash of diverse economic risks, understood as the appearance of the undesirable event of a negative impact on economic efficiency expected by the entrepreneur. Some questions have to be addressed at this point: (1) is it possible to manage the risk in order to minimize the consequences of undesirable events; (2) how the decrees should be understood and; (3) what instruments should be used? An attempt is made in this paper to answer these questions, or to indicate the need to clarify or to define their substantial scopes. Managing antitrust risk is of course possible – what is required in order to increase the efficiency of this process is to establish correct analytical mechanisms (precise principles of antitrust estimation), or even take one step further – to quantify such an evaluation. Specific algorithms of antitrust estimation, as well as their quantified figure (the formal figure could also be recorded as a function), make it possible to design a business activity so as to minimize the risk of that practice being categorized as an antitrust infringement and consequently, to minimize the risk of a fine being imposed on the entrepreneur (or on its manager). However, such analytical mechanisms could only be devised if the Polish NCA provided guidelines that could act as the basis for an antitrust compliance analysis of business strategies and plans and their appropriate modifications.
Recommended Citation
Fornalczyk, M. (2015). Is antitrust risk management possible and can it generate benefits?. internetowy Kwartalnik Antymonopolowy i Regulacyjny (internet Quarterly on Antitrust and Regulation), 4(5), 26-35. Retrieved from https://press.wz.uw.edu.pl/ikar/vol4/iss5/2
First Page
26
Last Page
35
Page Count
9
Publisher
University of Warsaw
