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Prior to the recent commencement of the Agreement Establishing the African Continental Free Trade Area, (AfCFTA), there was no region-wide competition treaty in Africa. Concerted efforts have been invested in uniting broader political, economic and legal policies at sub-Saharan Africa level...
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Using a law and economics model of competition law enforcement we try to answer the following questions: What characterizes the effectiveness of a competition law regime? How has competition law enforcement spread around the world? What factors limit the enforcement of competition law? And...
Persistent link: https://www.econbiz.de/10013136534
Competition law scholarship has long invoked the role of competition law and policy in economic development in developing countries. More recently, the highly visible efforts to enact this legislation has been one of the most remarkable trends in their regulatory reform process. Assuming that...
Persistent link: https://www.econbiz.de/10013008592
Developing jurisdictions often share some socio-economic characteristics, including highly concentrated markets, state ownership of major businesses, scarce human and financial resources, poor infrastructure, systemic poverty, cronyism, and corruption. This article attempts to sketch some of the...
Persistent link: https://www.econbiz.de/10013033792
Competition law officials and economic policy decision makers in developing countries often face a dilemma. They are often told by foreign advisers that they should adopt a form of competition law that relies on economics to provide the standard for competition law liability – i.e., the norms...
Persistent link: https://www.econbiz.de/10014146374
Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in proportion to the profits lost due to the cartel,...
Persistent link: https://www.econbiz.de/10010194468
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This paper explores the impact of ordoliberal thinking on the drafting of the prohibition of "abuse" of a dominant position in the market that was included in the competition rules of the Rome Treaty establishing the European Economic Community as well as on its interpretation by the Commission...
Persistent link: https://www.econbiz.de/10011332825