Exceptions to the Prohibition of Anti-competitive Agreements
Exceptions to the Prohibition of Anti-competitive Agreements

Summary/Abstract: In the simplest terms, anti-competitive agreements are concentrations or secret understandings between two or more undertakings having as their object or effect the prevention, restriction or distortion of competition on the market. Anti-competitive practices are, in principle, prohibited, because they limit the competition between economic actors and increase their profit, harming consumers on the other hand. Exceptionally, these practices can be tolerated by law only when they allow or are likely to allow an economic and social progress that overcomes the inconveniences related to the limitation of competition. In this brief study, we will analyze and highlight some aspects related to anti-competitive agreements, emphasizing the exceptions to their prohibition.

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