The theoretical Economic, Institutional and Regulatory Framework of Protection of an economic Competition in the Czech Republic
Abstrakt
This article describes the theoretical economic, institutional and regulatory framework of protection competition in the Czech Republic as a Member State of the European Union. The article is divided into four parts.
The first part deals with the substance of economic competition. There are mentioned economists who had a theoretical impact on the interpretation of the concept of economic competition.
The second part describes the institutional and legal regulation of the Czech Office for the Protection of Competition and its relation to the EU law. In the Czech Republic, the basis of protection competition is Act No. 143/2001 Coll.
Legal regulation of the protection of competition stems from competition law of the EU. The Treaty on the functioning of the European Union regulates cartel-related matters in Articles 101 and 102.
The third part describes the Leniency Programme and the fourth part of the article refers to the judgment of the European Court of Justice (C 557/12), which described the effect of an umbrella pricing.