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Price regulation in the social market economy

Dunne, Niamh (2017) Price regulation in the social market economy. LSE Law, Society and Economy Working Papers (03/2017). London School of Economics and Political Science, Department of Law, London, UK.

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Abstract

Establishing open and undistorted competition within the internal market is a primary goal of the EU legal framework. Price controls, by contrast, are among the clearest derogations from this overarching objective. Yet much price regulation continues to occur within the internal market. The treatment of such regulation thus raises challenging questions, both substantive and institutional, about the nature of economic governance in the context of the EU’s ‘highly competitive social market economy’. This article begins with a consideration of price regulation, both in economic terms and in relation to its place within the institutional and ideological structure of the EU. It then examines differing approaches seen in EU law: from a sceptical prohibitive approach, to a cautious yet more receptive permissive approach, to an essentially prescriptive approach incorporating price regulation into the fabric of the internal market. The aim is to contribute to a more nuanced understanding of the challenges facing the pursuit of ‘open and undistorted competition’ within a modern social market economy.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/collections/law/wps/index.htm
Additional Information: © 2017 The Author
Divisions: Law
Subjects: H Social Sciences > HF Commerce
K Law > K Law (General)
Sets: Departments > Law
Date Deposited: 11 Apr 2017 10:53
Last Modified: 21 Jun 2020 23:25
URI: http://eprints.lse.ac.uk/id/eprint/73418

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