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• The purpose of the following charts is to illustrate the size and economic impacts of the modern international cartel … movement and the enforcement responses of the world’s antitrust authorities and national courts. These illustrations may serve …
Persistent link: https://www.econbiz.de/10014204371
We analyze collusion under demand uncertainty by cartels such as OPEC that care about the utility derived from profits by citizens. When citizens are sufficiently risk averse and fixed operating costs are non-trivial, it becomes difficult for cartels to collusively restrict output both when...
Persistent link: https://www.econbiz.de/10013045808
an international antitrust agreement …
Persistent link: https://www.econbiz.de/10012934346
The globalisation of the world economy on the one side and the expansion of national systems of competition antitrust … law on the other side over the last few years have raised to the top of the international agenda the trade and competition … limits of an asinchronised international antitrust regime. From one point of view, it is generally very difficult for the …
Persistent link: https://www.econbiz.de/10014172846
Despite its economic significance, competition law still remains fragmented, lacking an international framework … allowing for dispute settlement. This, together with the growing importance of non-free-market economies in world trade require …
Persistent link: https://www.econbiz.de/10014184996
The paper discusses the economic theory of international antitrust institutions. Economic theory shows that non …-coordinated competition policies of regimes that are territorially smaller than the international markets on which business companies compete … homogenous competition rules do not represent a first-best solution either. After reviewing the existing international antitrust …
Persistent link: https://www.econbiz.de/10013104192
programs and the benefits of international antitrust cooperation between agencies. When international antitrust prosecution is …
Persistent link: https://www.econbiz.de/10013144908
Professors Einer Elhauge and Damien Geradin begin the preface to their new casebook, Global Competition Law and Economics, by observing that "[n]o one would think of writing a casebook on Massachusetts antitrust law." They then suggest that for similar reasons an approach to antitrust law based...
Persistent link: https://www.econbiz.de/10014221564
International cartelists today face antitrust investigations and possible fines in a score of national and … supranational jurisdictions. This paper aims at providing quantitative information about the size and impacts of international … Asian antitrust authorities. The sample consists of legal and economic information on 433 international cartels detected in …
Persistent link: https://www.econbiz.de/10014222893
The phrase 'international competition law' is something of a misnomer. There is no supranational authority charged with … generating, applying, or enforcing competition law, there are almost no binding international agreements on the subject, and … there are no international requirements with respect to substantive or procedural rules. Indeed, there is not even a forum …
Persistent link: https://www.econbiz.de/10013097926