GENERAL ASPECTS ON COMPETITION AND THE FIGHT AGAINST UNFAIR COMPETITION

Abstract

In its first part, this paper analizes the different aspects regarding the introduction of the first rules in the area of competition, both at European and national level. Further, the paper presents the purpose of competition law which is to prevent and combat certain market participant behavior which in itself distorts competition. There are also highlighted examples of abusive behavior and anti-competitive practices which have as their main object or effect the prevention, restriction or distortion of competition on the Romanian market or a certain part of it. This paper also touches upon the subject of sector inquiries conducted by the Competition Council on certain sectors of the economy and the various categories of agreements in different sectors, with illustrations of measures or penalties that can be disposed / applied. Furthermore, this paper aims to analyze from the perspective of competition, the life insurance sector in Romania, sector included by the Competition Council among the seven economic sectors with particular importance to the national economy.

Keywords

• competition
• upgrading
• standardization
• socio-political implication
• sector inquiries
• sanctions
• life insurance.