By Kai Hüschelrath
The booklet develops an built-in process of pageant coverage research. according to the belief that the deterrence of anticompetitive behaviour is the basic objective of festival coverage principles and their enforcement, 3 pivotal degrees of such an built-in technique are pointed out: a basic point, a strategic point in addition to an operational point. next to the improvement of the process, it truly is utilized to 3 conventional components of pageant coverage – tough center cartels, horizontal mergers and predation – ahead of conclusions are drawn on tips on how to ameliorate present festival coverage.
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Extra resources for Competition Policy Analysis: An Integrated Approach
Sample text
970 billion for the United States in the year 2004, the (potential) benefits of antitrust enforcement add up to roughly $272,4 billion ($13,0 billion DWL + $129,7 billion RSA + $129,7 billion PI). The second argument which speaks for a too-low estimate (in Figure 6) is the deterrence effect of antitrust rules. Deterrence basically means that existing antitrust rules (and their enforcement) encourage firms not to behave in anticompetitive ways which would have lead to negative welfare effects in the absence of such rules.
They hypothesise that a large number of computer firms which have products that are tied to the success of the allegedly monopolised Microsoft product (Disk Operating Systems) should prosper if actions are taken (by Microsoft or the DOJ) to make these operating systems costless, function better, or provide a more convenient platform for popular products. Policy actions that are expected to constrain Microsoft’s market power effectively should simultaneously increase efficiency and improve profitability of firms throughout the sector.
In the United States, for instance, around 90% of all federal antitrust cases originate from private cases. ) for further discussions. 2 Fundamental Level 39 Table 5. , excessive intervention or prohibition of efficient (and hence welfare-enhancing) practices) − Minus any such costs caused by decisions of judiciary system Economic benefits to the markets in question − Allocative, productive and dynamic efficiency achieved through prevention of cartel and other anticompetitive behaviour that would not be challenged under private litigation − Enhanced product/service quality and innovation achieved through promotion of a competitive market environment Indirect regulatory costs − Regulatory uncertainty among firms due to open-ended nature of competition law prohibitions (may be mitigated through clear guidance by the NMa and case law over time) − Minus any such uncertainty caused under private litigation Indirect regulatory benefits − Active enforcement of prohibition in competition law has deterrent effects on cartels and other anticompetitive behaviour that would not be challenged under private litigation − Active stance of the NMa contributes to overall government objective of achieving a competitive culture, away from previous ‘cartel paradise’ culture in the Dutch economy Source: Oxera (2004a: 28).