Bridging the Divide? Theories for Integrating Competition Law and Consumer Protection

Huffman, Max

doi:10.31228/osf.io/rmf9u

Cited by 3 publications

(4 citation statements)

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“…Nevertheless, according to the Supreme Court of Finland, as a result of the full harmonization of the Unfair Commercial Practices Directive 2005/29/EC, when applicable, the traditional image of the irrational consumer goes backward and the court relies on the EU average consumer standard 28 . Meanwhile, studies in modern economics, psychology, and neuroscience have also revealed that the information paradigm is a symbol of consumer law in modern England 29 . Thus, it is obvious that some countries recognize the importance of behavioural economics.…”

Section: Image Of the Consumer And The Information Paradigmmentioning

confidence: 99%

Behavioral and Comparative Analysis of the Information Paradigm in Consumer Law

2021

LAW

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This article examines the issue of information asymmetry in consumer law and deliberates on the necessity of regulation of the status of a consumer and their protection mechanisms. It is evident that the relevant Georgian law, by and large, does not guarantee the sufficient safeguarding level and thus the approximation to the respective EU legislation cannot be deemed successful in toto. Furthermore, this article analyzes the Draft Law of Georgia on the Protection of Consumer Rights and displays the possible challenges. In addition, the special emphasis is on consumer credit contracts. In the wake of the growing importance of behavioral analysis and its impact on the law and economics, the standard of an in- formed and rational consumer, which constitutes a cornerstone of the EU consumer law, is now highly debated. By reviewing some findings in behavioral law and economics, along with the international legislation and case law, it is argued that some im- plications of behavioralism should be taken into account in the field of consumer law.

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Section: Image Of the Consumer And The Information Paradigmmentioning

confidence: 99%

Behavioral and Comparative Analysis of the Information Paradigm in Consumer Law

2021

LAW

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“…The digital economy thrives in a competitive environment in which companies are most driven to offer products and services for the benefit and welfare of consumers. Competition policy should complement consumer protection policies in order to ensure the welfare effects of competition are realized while also preventing harmful business practices (Huffman, 2010).…”

Section: Reducing Market Entry Barriers To Ensure a Growing And Compe...mentioning

confidence: 99%

Protecting People: Promoting Digital Consumer Rights

Aprilianti¹

2020

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“…Having shown the relative vulnerability of consumers with respect to the cardinal components of sustainable consumption, we propose a 'consumer protection' approach. The consumer protection approach regards consumers as weaker parties and addresses market failures that impede consumers' ability to maximise their welfare (Huffman, 2010). It uses regulations to protect their interests at the transactional level in a three-fold manner.…”

Section: Consumer Protection Lawmentioning

confidence: 99%

“…Thirdly, unlike competition law and other areas of law which rely on administrative enforcement to protect consumers at the macro level, consumer protection provides consumers with private law rights (Huffman, 2010).…”

Section: Consumer Protection Lawmentioning

confidence: 99%