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The recent ‘open-economy industrial organization’ literature generally finds export-orientation to enhance the weight of post-merger international competitive gains; thereby, favoring lenient domestic merger policy. We observe, however, that mergers seldom generate the ‘significant...
Persistent link: https://www.econbiz.de/10010278074
Food commodity prices escalated during the 2007/2008 food crisis, and have scarcely fallen since. We show that high fertilizer prices, driven by the formation of an international export cartel as well as high energy prices, explains the majority of the recent price spikes. In particular, we...
Persistent link: https://www.econbiz.de/10011527904
There is a well-recognised link among trade, trade liberalisation, an effective competition regime and development. A common view to the promotion of development of Least Developed Countries is to assist their economic growth through trade-facilitating measures. The trade liberalisation regime...
Persistent link: https://www.econbiz.de/10013001731
It may seem obvious that good trade policy can promote competition. That is, by opening up a domestic economy to increased trade, additional competitive pressures may be placed on domestic producers, thereby decreasing domestic market power and improving industry performance in the form of lower...
Persistent link: https://www.econbiz.de/10013007674
are increasingly vocal. Moreover, our analysis may have implications for antitrust policy. As much as entry barriers …, barriers to exit prevent the emergence of competitive markets and are thus a concern for antitrust agencies. Moreover, State … interference with M&A risk undermining the efficacy of merger control systems, in depriving the antitrust agencies' of the ability …
Persistent link: https://www.econbiz.de/10012856460
Since the 2008 Food Crisis, the link between agriculture and energy has become contentious. Agriculture consumes energy both directly, through oil products, and indirectly, through fertilizer. Since fertilizer cost depends on natural gas prices, we exploit variations in the oil/gas spread to...
Persistent link: https://www.econbiz.de/10012987048
The amount of greenhouse gas emissions and consequent climate changes and social responses will depend substantially upon the rapid development and widespread dissemination of a wide variety of new mitigation and adaptation technologies. The international approach adopted by the UN Framework...
Persistent link: https://www.econbiz.de/10014185204
This paper considers the possibilities that the member states of the WTO would adopt some kind of antitrust provision …
Persistent link: https://www.econbiz.de/10014215778
PTAs include a chapter on antitrust/competition policy. Until now, the effectiveness of such chapters has remained … unanswered. This article undertakes the first empirical analysis of Latin American antitrust/competition policy chapters in PTAs … article provides an overview of the process of liberalization in Latin America. It then describes how domestic antitrust fits …
Persistent link: https://www.econbiz.de/10014225046
This paper discusses the normative foundation of a global competition regime. It asks: What kind of normative values do we need? What objectives ought we to pursue? Why value economic competition at such a tough time as this? Are the disputes on these issues in the US and EU jurisdictions likely...
Persistent link: https://www.econbiz.de/10014138137