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This Article examines the compatibility of Western antitrust models as incorporated in China’s first comprehensive … antitrust law – the Antimonopoly Law (“AML”) – with China’s local conditions. It identifies three forces that shape competition … law and policy in China: China’s current transitional stage, China’s market structures, and pervasive state control in …
Persistent link: https://www.econbiz.de/10014187233
This paper explores the nature and causes of the cartel compliance crisis that befell the National Industrial Recovery Act (NIRA) one year after its passage in 1933. We employ a simple game-theoretic model of the NIRA's cartel enforcement mechanism to show that the compliance crisis can largely...
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The market for corporate control plays an important role in ensuring that assets are deployed in an efficient and effective manner. However, on occasion, mergers might lead to a reduction in competition and a consequent rise in prices and/or other anticompetitive effects. The Competition Act...
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After its quot;revitalisationquot; after the Cultural Revolution, China's people's mediation system declined throughout … urban China and the government's interest in strengthening this institution. Policy reforms at the national level …
Persistent link: https://www.econbiz.de/10012724549
This paper provides risk/reward evaluation and legal analysis of foreign investing under Cuban Law No. 118 (2014). Section I addresses dynamic changes in Cuba since 2008. Section II examines reforms of Cuban foreign investment laws. Section III explores investment options such as import/export,...
Persistent link: https://www.econbiz.de/10013003178
The recovery from the current deep recession caused by the COVID-19 pandemic will require raising productivity through structural reforms. This implies a number of challenges for economic policies. With large parts of the economy shielded from competition, firms face weak incentives to become...
Persistent link: https://www.econbiz.de/10012630141