The theory of regulatory competition and competition law

Abstract

The governance of competition on global markets is an open policy question (lack of international competition policy). In this paper, it is analyzed to what extent different types of regulatory competition, which in other regulatory contexts (as, e.g., corporate law) can be beneficial, might also be a solution in competition law (instead of seeking harmonisation and centralization). In a first step, it is demonstrated why regulatory competition of competition laws can only be beneficial under very spe-cial circumstances and should therefore be generally avoided. However, yardstick competition as one specific type of regulatory competition, which promotes innovation and mutual learning in regard to competition law rules and practices, might be so valuable that a fairly decentralised multi-level system of competition laws might be recommended. Therefore, in a second step, the basic elements of a global multi-level system of competition laws are presented, which allows for decentralised experimen-tation with new possibilities for protecting competition (laboratory federalism). Some conclusions are drawn for the International Competition Network (ICN).

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 94,726

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

  • Only published works are available at libraries.

Similar books and articles

Law for sale: a philosophical critique of regulatory competition.Johanna Stark - 2019 - Oxford, United Kingdom: Oxford University Press.
Some Thoughts Concerning the Main Goals of Competition Law.Raimundas Moisejevas & Ana Novosad - 2013 - Jurisprudencija: Mokslo darbu žurnalas 20 (2):627-642.

Analytics

Added to PP
2009-04-23

Downloads
9 (#1,297,504)

6 months
2 (#1,486,765)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references