January 2018
Intermediate to advanced
374 pages
13h 36m
English
book
Competition versus Predation in Aviation Markets
by Peter Forsyth, David W. Gillen, Otto G. Mayer, Hans-Martin Niemeier
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Chapter 3Competition and Predation Legal Aspects
Ruwantissa Abeyratne
1. Introduction
From an economic perspective, competition represents conditions that occur in markets allowing buyers and sellers to interact with a view to establishing prices and exchanging goods and services. Therefore, economic competition admits of a compelling synergy between buyers and sellers and their self interest to serve the needs of a society as well as those of individual market participants by producing a maximum number of goods at the lowest possible prices. However, from a legal perspective, competition is associated with the rights of the competitor as well as the consumer, whereby the former is precluded from exercising dominance over others in the overall ...
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