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In the past two decades the number of jurisdictions that adopted a competition law has grown exponentially. Yet many of them, most notably developing jurisdictions and small ones, face significant obstacles to efficient enforcement. Indeed, a World Bank study estimated that competition...
Persistent link: https://www.econbiz.de/10014201019
This article challenges the conventional wisdom that not much can be done under the existing atomistic system of antitrust enforcement to solve the problem of sub-optimal deterrence of international cartels. Low deterrence results from the fact that international cartels are generally prosecuted...
Persistent link: https://www.econbiz.de/10014213397
Persistent link: https://www.econbiz.de/10013100038
Private enforcement of competition law serves many important goals, including deterrence of future anti-competitive harms and correction of past harms. This article sheds light on several potential legal obstacles to such enforcement which could prevent it from achieving its goals. The examples...
Persistent link: https://www.econbiz.de/10012845534
Patent licensing contracts commonly prohibit licensees from challenging the validity of the patents at the basis of the contract or penalize such challenges. A considerable debate has emerged as to whether courts should enforce these challenge clauses. We argue that this debate has not gone far...
Persistent link: https://www.econbiz.de/10012935082
An interview of Prof. Michal Gal by Dr. Thibault Schrepel on the subject of algorithms and competition law. The interview covers subjects such as how algorithms affect competition; cases involving algorithms; the potential benefits brought about by algorithms to consumers; the unique...
Persistent link: https://www.econbiz.de/10012823707
Recent studies have proven that pricing algorithms can autonomously learn to coordinate prices, and set them at supra-competitive levels. The growing use of such algorithms mandates the creation of solutions that limit the negative welfare effects of algorithmic coordination. Unfortunately, to...
Persistent link: https://www.econbiz.de/10013296233
While never completely dormant, international antitrust has gained a new momentum in the past two decades or so, evidenced by the intensity of the global exchange on international antitrust issues. This momentum is driven, inter alia, by the significant increases in international trade. It is...
Persistent link: https://www.econbiz.de/10014168695
International trade has changed some of the challenges faced by antitrust authorities: it has added an international dimension. Under the current system of international antitrust, the backbone of enforcement is unilateral: each country applies its own tools to deal with international antitrust...
Persistent link: https://www.econbiz.de/10014210999
The economic characteristics of an economy - most notably its size, its openness to trade and its remoteness from its trading partners, greatly affect the competitiveness and performance of its markets by reducing internal and external competitive pressures. Accordingly, small, insulated...
Persistent link: https://www.econbiz.de/10014054886