The Limits of Competition Policy: The Shortcomings of by Ashok Menon A.E. Rodriguez PDF

By Ashok Menon A.E. Rodriguez

Antitrust is a blunt software geared toward the inaccurate challenge. So say the authors of this provocative and contentious publication, either one of them famous for offering antitrust aid and coaching in lots of constructing economies and for serving as antitrust specialists on behalf of personal events certain by means of antitrust professionals. Drawing on their broad adventure, they describe how antitrust/ pageant principles in constructing economies curtails innovation and entrepreneurship lower than what the U.S. best court docket has blasted because the chilling results of fake positives. furthermore, they indicate, entrenched curiosity teams in constructing nations fast observe that soliciting preferential therapy from the kingdom, which ends up in state-sponsored non-tariff limitations, is extra appealing than inner most cartelization, no longer least since it is completely criminal and hence past the succeed in of antitrust legislations enforcement efforts.

What the authors supply is a thoroughgoing research truly demonstrating that, no matter what monetary direction constructing international locations pursue, implementing Western-style antitrust regimes will engender uncertainty, kick back fiscal behaviour, and foster an dangerous weather for company. They hire the influential error-cost method to appraise the functionality of festival coverage and to teach how any such coverage creates irresolvable tensions in fragile economies with vulnerable institutions--economies characterised via casual principles of commercial perform, long-standing symbiotic company country relationships, and unpredictable kingdom motion. They mount a strong critique of the arguments of neo-institutionalists (who fail to acknowledge the susceptible nature of rising industry economies) and pageant advocates (who presume to face prepared and vigilant to implement pageant coverage on nation entities). yet pageant coverage in constructing economies isn't an irremediable mistake. Such regimes don't need to adhere to an beside the point Western version, the authors preserve, to discover more cost-effective and better how you can foster pageant. As a close and insightful description and framework defining the boundaries to antitrust in constructing (and particularly least-developed) international locations, this learn can provide to increase the controversy that are meant to precede any attention of worldwide extending pageant coverage in its present model. Crafters of regulations and principles in pageant legislation and management can't fail to achieve intensive of figuring out from this new method of the topic.

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The Limits of Competition Policy: The Shortcomings of Antitrust in Developing and Reforming Economies (International Competition Law Series) by Ashok Menon A.E. Rodriguez

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