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In this Article we focus upon an area in which greater convergence of U.S. policy with the practice of many foreign countries is long overdue: the treatment of public policies that suppress competition. Whereas the European Union (“EU”) and numerous other jurisdictions have taken strong...
Persistent link: https://www.econbiz.de/10014039873
US antitrust law was once the shining star of competition law; the model for the world. But, as laissez faire … more harmful if applied to the rest of the world where markets often work less well and state ownership and state … constellation in the United States, the essay proposes a way to bring the United States into step with the world: 1) legislatively …
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Harold Demsetz once claimed that 'economics has no antitrust relevant theory of competition.' Demsetz offered this provocative statement as an introduction to an economic concept with critical implications for the antitrust enterprise: the multi-dimensional nature of competition. Competition...
Persistent link: https://www.econbiz.de/10014046270
The decade of enforcement of EU competition rules under the decentralized enforcement system introduced by the Regulation 1/2003 has turned the national competition authorities (NCAs) into the primary enforcers of the Articles 101 and 102 TFEU. Despite the substantial number of investigations...
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The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of so-called gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a...
Persistent link: https://www.econbiz.de/10012652861
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The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of socalled gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a...
Persistent link: https://www.econbiz.de/10013407158