Excessive Pricing during COVID-19 crisis - An Empirical Inquiry

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Excessive Pricing during COVID-19 crisis - An Empirical Inquiry. / Kianzad, Behrang.

In: Concurrences, Vol. 2021, No. 1, 15.02.2021.

Research output: Contribution to journalJournal articleResearchpeer-review

Harvard

Kianzad, B 2021, 'Excessive Pricing during COVID-19 crisis - An Empirical Inquiry', Concurrences, vol. 2021, no. 1. <https://www.concurrences.com/en/review/issues/no-1-2021/legal-practice/excessive-pricing-during-the-covid-19-crisis-in-the-eu-an-empirical-inquiry>

APA

Kianzad, B. (2021). Excessive Pricing during COVID-19 crisis - An Empirical Inquiry. Concurrences, 2021(1). https://www.concurrences.com/en/review/issues/no-1-2021/legal-practice/excessive-pricing-during-the-covid-19-crisis-in-the-eu-an-empirical-inquiry

Vancouver

Kianzad B. Excessive Pricing during COVID-19 crisis - An Empirical Inquiry. Concurrences. 2021 Feb 15;2021(1).

Author

Kianzad, Behrang. / Excessive Pricing during COVID-19 crisis - An Empirical Inquiry. In: Concurrences. 2021 ; Vol. 2021, No. 1.

Bibtex

@article{c0f925e6759e44eaa4caffbfef3cf008,
title = "Excessive Pricing during COVID-19 crisis - An Empirical Inquiry",
abstract = "The COVID-19 crisis noted many reports of dramatic price increases of essential items such as face masks, hand sanitisers and disinfectants. Already in March 2020 the Competition Authorities in Europe, by way of a joint statement by European Competition Network and individual public announcements, cautioned against price gouging practices and re-affirmed their commitment to pursue such practices vigorously.In order to provide a bird-eye view of such practices around EU, and Competition Law responses, an inquiry was sent to all European Competition Authorities in June 2020. The inquiry sought to gather data on number of excessive pricing/price gouging complaints received by the authorities during the pandemic, whether investigations were opened/pending, and what general position assumed in regard to excessive pricing practices during the pandemic.A total of 27 competition authorities were contacted, whereof 23 responded to the inquiry, providing a bird-eye view, as far as confidentiality rules allowed. The resulting picture was indeed a highly divergent one, with some countries noting several hundred and in some instances several thousands complaints, with other countries receiving few or none. Many authorities had indeed embarked on investigations and monitoring practices. Other countries had introduced maximum pricing laws in regards to essential items. The authorities did further provide some general comments in regards to their position on excessive pricing both in general and during a pandemic such as the COVID-19 crisis.The analysis of the study further discusses the normative law and economics conditions of excessive pricing/price gouging during a pandemic with a view to temporary dominance, market shares and assessment benchmarks.",
keywords = "Faculty of Law, Excessive Prices, Excessive pricing, COVID-19, Competition Law, Law and Economcis, price gouging, European Union, European Commission",
author = "Behrang Kianzad",
year = "2021",
month = feb,
day = "15",
language = "English",
volume = "2021",
journal = "Concurrences",
issn = "1773-9578",
publisher = "Institute of Competition Law",
number = "1",
note = "Annual conference of the French Association of Law and Economics ; Conference date: 15-10-2020 Through 16-10-2020",
url = "https://afed2020.sciencesconf.org",

}

RIS

TY - JOUR

T1 - Excessive Pricing during COVID-19 crisis - An Empirical Inquiry

AU - Kianzad, Behrang

N1 - Conference code: 5

PY - 2021/2/15

Y1 - 2021/2/15

N2 - The COVID-19 crisis noted many reports of dramatic price increases of essential items such as face masks, hand sanitisers and disinfectants. Already in March 2020 the Competition Authorities in Europe, by way of a joint statement by European Competition Network and individual public announcements, cautioned against price gouging practices and re-affirmed their commitment to pursue such practices vigorously.In order to provide a bird-eye view of such practices around EU, and Competition Law responses, an inquiry was sent to all European Competition Authorities in June 2020. The inquiry sought to gather data on number of excessive pricing/price gouging complaints received by the authorities during the pandemic, whether investigations were opened/pending, and what general position assumed in regard to excessive pricing practices during the pandemic.A total of 27 competition authorities were contacted, whereof 23 responded to the inquiry, providing a bird-eye view, as far as confidentiality rules allowed. The resulting picture was indeed a highly divergent one, with some countries noting several hundred and in some instances several thousands complaints, with other countries receiving few or none. Many authorities had indeed embarked on investigations and monitoring practices. Other countries had introduced maximum pricing laws in regards to essential items. The authorities did further provide some general comments in regards to their position on excessive pricing both in general and during a pandemic such as the COVID-19 crisis.The analysis of the study further discusses the normative law and economics conditions of excessive pricing/price gouging during a pandemic with a view to temporary dominance, market shares and assessment benchmarks.

AB - The COVID-19 crisis noted many reports of dramatic price increases of essential items such as face masks, hand sanitisers and disinfectants. Already in March 2020 the Competition Authorities in Europe, by way of a joint statement by European Competition Network and individual public announcements, cautioned against price gouging practices and re-affirmed their commitment to pursue such practices vigorously.In order to provide a bird-eye view of such practices around EU, and Competition Law responses, an inquiry was sent to all European Competition Authorities in June 2020. The inquiry sought to gather data on number of excessive pricing/price gouging complaints received by the authorities during the pandemic, whether investigations were opened/pending, and what general position assumed in regard to excessive pricing practices during the pandemic.A total of 27 competition authorities were contacted, whereof 23 responded to the inquiry, providing a bird-eye view, as far as confidentiality rules allowed. The resulting picture was indeed a highly divergent one, with some countries noting several hundred and in some instances several thousands complaints, with other countries receiving few or none. Many authorities had indeed embarked on investigations and monitoring practices. Other countries had introduced maximum pricing laws in regards to essential items. The authorities did further provide some general comments in regards to their position on excessive pricing both in general and during a pandemic such as the COVID-19 crisis.The analysis of the study further discusses the normative law and economics conditions of excessive pricing/price gouging during a pandemic with a view to temporary dominance, market shares and assessment benchmarks.

KW - Faculty of Law

KW - Excessive Prices

KW - Excessive pricing

KW - COVID-19

KW - Competition Law

KW - Law and Economcis

KW - price gouging

KW - European Union

KW - European Commission

M3 - Journal article

VL - 2021

JO - Concurrences

JF - Concurrences

SN - 1773-9578

IS - 1

T2 - Annual conference of the French Association of Law and Economics

Y2 - 15 October 2020 through 16 October 2020

ER -

ID: 259046184