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Author: Allan Fels
Publisher:
ISBN: 9781950769612
Category :
Languages : en
Pages : 304
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Book Description
This collection of essays represents the first in a series of two volumes that set out to reflect the state of the art of antitrust thinking in digital markets in jurisdictions around the world. The issues it tackles are many: the role of innovation, the conundrum of big data, the evolution of media markets, and the question of whether existing antitrust tools are sufficient to deal with the challenges of digital markets. Each author tackles the overarching themes from their unique national perspective. The resulting tapestry reflects the challenges and opportunities presented by the modern digital era, viewed through the lens of competition enforcement.
Author: Allan Fels
Publisher:
ISBN: 9781950769612
Category :
Languages : en
Pages : 304
Get Book Here
Book Description
This collection of essays represents the first in a series of two volumes that set out to reflect the state of the art of antitrust thinking in digital markets in jurisdictions around the world. The issues it tackles are many: the role of innovation, the conundrum of big data, the evolution of media markets, and the question of whether existing antitrust tools are sufficient to deal with the challenges of digital markets. Each author tackles the overarching themes from their unique national perspective. The resulting tapestry reflects the challenges and opportunities presented by the modern digital era, viewed through the lens of competition enforcement.
Author: David Lewis
Publisher: Edward Elgar Publishing
ISBN: 1781953732
Category : Law
Languages : en
Pages : 227
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Book Description
ÔNearly every important country now has a competition law. It is vital to understand the institutions that drive the operation of these laws. This excellent volume provides case studies of some of the more substantial new competition authorities written by former or current top agency officials and academics closely connected with those institutions. The book highlights the fact that whilst these institutions have certain features in common, they are very much shaped by the history and circumstances of their own countries and cultures, and that any serious prescription for them needs to balance those factors against the general economic doctrines that lie behind competition law around the world. Without that understanding, regulators and those dealing with them are likely to face failure. The book points to ways of resolving those problems.Õ Ð Allan Fels, The Australia and New Zealand School of Government (ANZSOG) This detailed book focuses on the development of competition law institutions and contains case studies that examine this against the backdrop of the debate around global convergence of competition law and the limits imposed by particular national circumstances. Five of the chapters examine the development of competition law regimes in a diverse range of countries: Mexico, Hungary, South Africa, Thailand (with comparative remarks on South Korea) and Zambia. The remaining chapters examine the role of multinational institutions, particularly the International Competition Network, and the practice of and potential for regional competition law arrangements. The majority of the authors are seasoned practitioners of competition law, all of whom acknowledge the importance of convergence, while simultaneously demonstrating the limits imposed by divergent national circumstances. This carefully edited collection is a companion volume to Enforcing Competition Rules in South Africa, an account of the development of competition law institutions in South Africa, authored by David Lewis and published by Edward Elgar. Building New Competition Law Regimes will be of particular benefit to scholars, teachers and practitioners of competition law. It will also be of interest to development studies scholars, teachers and practitioners and to specialists in the countries that are the subjects of the case studies.
Author: Aleksandra Khimich
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Cartels Damages to the Economy: An Assessment for Developing Countries (Joint with Marc IVALDI, Toulouse School of Economics and CEPR and Frédéric JENNY, ESSEC Business School, Paris) : The detection and sanction of cartels traditionally remains of a high importance for developed anti-trust authorities because of a clear understanding of their potential harm, and therefore of the potential benefits of their deterrence. Nevertheless, developing countries often struggle to create or reinforce their competition authority - running an antitrust division is costly and the supportive evidence concerning the potential benefits is still missing. Present study provides the missing quantitative evidence. It offers an assessment of the aggregate economic harm caused by cartels in developing countries measured in terms of sales affected by collusive practices as well as in terms of cartel excess profits arising from overcharging consumers. The results suggest that the aggregate economic damage estimated in terms of cartels' excess profits can reach almost 1% when divided by the corresponding GDP. Furthermore, as the maximal annual probability of uncovering an already existing cartel is estimated to be around 24%, it is suggested that the actual economic harm exceeds our estimations at least fourfold. / Assessing the accuracy of merger guidelines' screening tools (Joint with Marc Ivaldi, Toulouse School of Economics and Jérôme Foncel, EQUIPPE, University of Lille) : Present study offers a comprehensive assessment of the accuracy of two tools proposed by the most advanced merger guidelines - the traditional HHI test and a more recent UPP test- and attempts to define the economic conditions that favor misleading predictions. Monte-Carlo simulations are used to create economies that are further employed to measure the effects of mergers and to evaluate the performance of the chosen evaluation tools. Results suggest that the HHI test being applied to a market with differentiated products has a very weak performance. In its' turn, the UPP test can also be quite misleading, even if one has perfect information on the main ingredients needed to compute it. It appears that some of type-I and type-II errors occur because the UPP-like tests by construction ignore the pricing pressure experienced by the merging partner. We demonstrate how this can be fixed by taking into account the corresponding cross pass-through rate. / The role of the cross pass-through effects in merger analysis : Present study demonstrates that the ignorance of the cross pass-through effect, and particularly of its sign, can lead to misleading conclusions in almost all stages of merger investigations, including the market definition procedure and the assessment of coordinated and unilateral effects. It offers an examination of the properties of the pass-through matrix in a sufficiently general framework that is convenient for horizontal merger analysis and derives the exact characteristics of both the demand and supply systems that affect the sign of the cross pass-through.
Author: Eleanor M. Fox
Publisher: Oxford University Press, USA
ISBN: 0190930993
Category : Law
Languages : en
Pages : 249
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Book Description
This is a book on market law and policy in sub-Saharan Africa. It shows how markets can be harnessed by poorer and developing economies to help make the markets work for them: to help them integrate into the world economy and raise the standard of living for their people while preserving their values of inclusive development. It studies particular countries and particular regions, delving deeply into the facts.
Author: Paul A. Geroski
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 48
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Book Description
Author: Daniel A. Crane
Publisher: Oxford University Press
ISBN: 0199311560
Category : Business & Economics
Languages : en
Pages : 510
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Book Description
This book provides edited selections of primary source material in the intellectual history of competition policy from Adam Smith to the present day. Chapters include classical theories of competition, the U.S. founding era, classicism and neoclassicism, progressivism, the New Deal, structuralism, the Chicago School, and post-Chicago theories. Although the focus is largely on Anglo-American sources, there is also a chapter on European Ordoliberalism, an influential school of thought in post-War Europe. Each chapter begins with a brief essay by one of the editors pulling together the important themes from the period under consideration.
Author: Jonathan B. Baker
Publisher: Harvard University Press
ISBN: 0674975782
Category : Law
Languages : en
Pages : 369
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Book Description
At a time when tech giants have amassed vast market power, Jonathan Baker shows how laws and regulations can be updated to ensure more competition. The sooner courts and antitrust enforcement agencies stop listening to the Chicago school and start paying attention to modern economics, the sooner Americans will reap the benefits of competition.
Author: Pamela Hanrahan
Publisher:
ISBN: 9780409350210
Category :
Languages : en
Pages : 0
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Book Description
Contemporary Issues in Corporate and Competition Law: Essays in Honour of Professor Robert Baxt AO is a festschrift honoring noted academic Professor Robert Baxt AO.
Author: Maureen Brunt
Publisher: Kluwer Law International B.V.
ISBN: 9041119914
Category : Law
Languages : en
Pages : 405
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Book Description
intersecting patterns of law and economics that transcends all borders and attains a universal significance."--BOOK JACKET.
Author: Josef Drexl
Publisher: Edward Elgar Publishing
ISBN: 0857930338
Category : Business & Economics
Languages : en
Pages : 361
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Book Description
This outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law. They examine what lies at the core of the .economic approach to competition law' and deal with its normative and institutional limitations. In recent years the more .economic approach' has led to a modernisation of competition law throughout the world. This book comprehensivelyexamines for the first time, the foundations and limitations of the approach and will be of great interest to scholars of competition policy no matter what discipline. Competition Policy and the Economic Approach will appeal to academics in competition economics and law, policy-makers and practitioners in the field of antitrust/competition law as well as postgraduate students in competition law and economics. Those interested in the interplay of law and economicsin the field of competition will also find this book invaluable.
