In the paper, the fundamental question is under what conditions loyalty discounts and rebates adopted by a dominant firm cause anti-competitive effects. Fidelity schemes, although extremely frequent in the market, if applied by a dominant firm, are likely to be judged as illegal per se, as...

The literature on competition policy in emerging markets is divided into two conflicting schools of thought. One school argues in favour of convergence with the efficiency-based policy, framework in advanced countries. The other school advocates a broad competition policy specific to the...