The concept of free competition

• Competition as liberty of the competitors and as liberty during the exchange process, whereby the competition

A goal and not means are (demarcation to the welfare economics)

• Two substantial aspects:

- Liberty as absence of obligation through third (resolution liberty) - liberty as absence of restrictions in exchange traffic by market participant (freedom of action)

• Competition theory affects by Schumpeter and Friedrich von Hayek
• Competition as innovation and imitation (raid and followup) and search and discovery procedure, however selection of been subject problem solutions

• Interferences into the market structure are rejected:

- Arrogance of knowing markets and structures are not exogenously given, but develop endogenously in the competition

• Evaluation of the market result: No performance tests because of the thesis of absolute correspondence of free competition and economic Vorteilhaftigkeit

• Practice purchase: e.g. criticism at the practice of fusion control

Articles in category "Free competition"

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