RESTRAINTS CONCERNING EXORBITANT PRICE AND CONSEQUENCES OF INFRINGEMENT IN TERMS OF COMMERCIAL LAW

Abstract

In free market conditions, the determination of the prices of the product or service belongs to the people who supply them. In some exceptional cases, prohibitions or restrictions on prices may be envisaged. The limitation imposed by the Act no. 6585 on the Regulation of Retail Trade and the Regulation of the Unfair Price Evaluation Board, limited to the periods of emergency, disaster and economic fluctuation, and other emergencies, are also within this scope. The regulation prohibits the determination of exorbitant prices for goods and services that are obligatory to meet the basic needs of the public such as healthy living, nutrition and protection. Prices determined based on the increase in input and production costs, even if they are at an exorbitant level compared to the previous price, are not included in the scope of the ban. The aim of the study is to evaluate the concept of exorbitant price, its limits in terms of implementation, the sanctions to be applied in case of non-compliance and the situations seen as justifications in terms of price increase.