The rules governing competition have a rather recent character. The conventional approach (especially the on of the liberal school of the 19th century) shows the fact that any public intervention within the mechanism o f the market triggers almost automatically a negative economic effect.
Simultaneously it has been accredited the idea that the total freedom of action of the market forces can lead to the formation of powerful monopolies, over which the competition has no more influence. The pioneers in the legislative regulation of the competition were the United States of America, through the law titled the Sherman Act in 1890. The purpose of the Sherman Act was to prevent the formation of cartels and monopolies.
European Union Law
UE Law and Comparative Law
Articles (Studies, discussions, comments)