The Argument for Robust Competition Supervision in Developing and Transition Countries

40 Pages Posted: 9 Apr 2016 Last revised: 3 May 2016

See all articles by Frank Emmert

Frank Emmert

Indiana University Robert H. McKinney School of Law

Date Written: April 7, 2016

Abstract

This is a draft of an article that will be published - after some editorial revision - in the Journal of Governance and Regulation. It discusses first the differences between market economic models, socialist or planned economies, and economies controlled by monopolies or cartels, to make the case for competition supervision. Subsequently it argues for a broad approach to competition supervision - beyond a narrow view of antitrust law. This part discusses monopoly or dominant position and the criteria to measure them. It reviews the reasons for merger control as a preventive step against monopoly or dominant position. Finally it discusses the issues related to collusion in the form of cartels and how to detect them. The third part of the paper focuses on the best ways for developing and transition countries to introduce or reinforce comprehensive competition supervision: Functioning institutions and how they have to be empowered and structured; priorities to be set; how competition oversight has to be embedded in the legal system, including court review; and why effective enforcement is so important and how it can be promoted. In an annex, there are links to some 75 countries which have newly introduced competition laws in the past 25 years and their legislative materials. Finally, there are links to another 30 countries which have substantially revised their legislative bases in the same time frame.

Keywords: competition law, antitrust, monopoly, cartel, dominant position, merger control, economics of competition

JEL Classification: D40, D41, D42, D43, D61, K21, L12, L13, L4, L44

Suggested Citation

Emmert, Frank, The Argument for Robust Competition Supervision in Developing and Transition Countries (April 7, 2016). Indiana University Robert H. McKinney School of Law Research Paper No. 2016-22, Available at SSRN: https://ssrn.com/abstract=2760478 or http://dx.doi.org/10.2139/ssrn.2760478

Frank Emmert (Contact Author)

Indiana University Robert H. McKinney School of Law ( email )

Inlow Hall IN 335
530 West New York Street
Indianapolis, IN 46202
United States

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