Price-restricting competition agreements - Looking from influence, unsustainable nature, evaluation of impacts and suggestions to regulate through law

Abstract

To effectively regulate price-restricting competition agreements through legal frameworks, the government must accurately identify pricing tools and assess the extent to which such agreements use pricing tools to limit competition. Pricing tools are often effectively employed in price-restricting competition agreements and are typically a means of maximizing business profits. Agreements to restrict competition through pricing are characterized by arrangements to fix prices among enterprises operating in the same relevant market, but such agreements are inherently unsustainable. Based on these scientific premises, the authors propose measures to address price-restricting competition agreements, including sanctions, leniency policies, and exemptions for specific types of agreements, aiming to ensure optimal legal control.