AN ECONOMIC INTERPRETATION OF NEOCLASSICAL MONOPOLY THEORY IN THE LIGHT OF AUSTRIAN SCHOOL

The paper summarizes the contributions of the neoclassical and Austrian school ofthought in the field of monopoly theory arguing that the first uses non-operational concepts indescribing the entrepreneur‘s actions on the market. The Austrian economic theory of freecompetition is the opposite of perfect and pure competition which is the model used in most ofpolicy recommendations and also the intellectual legacy of neoclassicism. After proving that themonopoly price can‘t be scientifically determined and neither the consumer loss of welfare, thepaper raises the issue whether public policy should intervene in a case of monopoly.monopoly, property rights, monopoly price, utility, consumer

Free Competition Theory and the secret agreements between companies. Saint-Gobain under the charges of cartel

The European view of economic competition, which is the European Parliament view and enforced by the European Commission does not have a coherent theory of efficiency in allocating resources and justice on a market. The positive law proceeds at incriminating and penalizing with arbitrarily fixed fines the players on different markets but not offering a definition of what competition or free market means, not to mention a theory of the firm. It delivers, of course, a sort of theory, but we argue that it is not coherent and moreover, pretends to be what it cannot possible be, nam¬ely free of any value judgments. The present paper exposes an alternative view to the theory used by EC when decided to fine with 1.4 billion euros the European car glass suppliers Saint-Gobain, Pilkington, AGC and Soliver for cartelizing, and it also presents the case from the perspective of free competition theory based on private property rights of owners

Price strategies as a determinant of performance on romanian companies in export markets

JEL Classification System: M10- General; L1-Market Structure, Firm Strategy and Market Performance; L11-Production, Pricing and Market StructurePricing strategy is considered to be one of the more critical components of the marketing mix (Product, Place, Price and Promotion) and is focused on generating revenue and ultimately profit for the company. The current research study aims to analyze what pricing strategies Romanian exporting companies use in order to strife for better results. As the study focuses on exporting companies, not only setting one or more pricing strategy is important, but also how do these companies adapt their strategies to different industries and different geographical markets. The applied methodology sustains, that the results are rooted on a case study within the preferred pricing strategies of the analyzed companies. The information towards the research was gathered throughout in-depth interviews with the managers in charge of this process, document analysis and observations. The systematic approach of identifying the most adequate price strategies is opening the path for factors taking in account when adaptation process begins and also for analyzing the impact of pricing adaptation. This can lead to measure the data for export performance and what influence did it had on a company’s turnover. By analyzing the export data provided, a comparison can be made, taking into consideration price strategies used, price adaptation processes, level of impact on different geographical markets, the market response to exported products and terms and conditions necessary for conducting international trad