• DOI:10.5235/ecj.v6n3.689
• Corpus ID: 154973650

The Ordoliberal Notion of Market Power: An Institutionalist Reassessment

@article{Vatiero2010TheON,
  title={The Ordoliberal Notion of Market Power: An Institutionalist Reassessment},
  author={Massimiliano Vatiero},
  journal={European Competition Journal},
  year={2010},
  volume={6},
  pages={689 - 707}
}

• Massimiliano Vatiero
• Published 1 December 2010
• Economics, History, Law
• European Competition Journal

“Contemporary Europeans” began to develop the idea of a competition law around the end of the eighteenth century in Vienna, the truth-core of the European competition law tradition. In Vienna, a group of intellectuals (Carl Menger and Eugen Bohm-Bawerk, among others) began to explore the idea of using law to protect the process of competition.1 Austrian ideas had planted in Germany, where the first European competition law was enacted in 1923. This law, however, was too weak to withstand the pressures of economic lobbies and public opinion against it, and Nazism eliminated it. Nevertheless, during the Nazi regime, a group of lawyers and economists called ordoliberals continued to explore “underground” the issue of Continental and Austrian ideas on competition law at Freiburg.2 December 2010 European Competition Journal 689