Download e-book for kindle: A framework for the design and implementation of competition by R. S. Khemani, World Bank, Organisation for Economic

By R. S. Khemani, World Bank, Organisation for Economic Co-operation and Development

ISBN-10: 0821342886

ISBN-13: 9780821342886

A dynamic and aggressive atmosphere, underpinned through pageant legislation coverage, is a vital attribute of winning industry economies. to fulfill the starting to be call for for info on present methods and practices in festival legislations coverage, the undertaking "Framework for the layout and Implementation of festival Law-Policy" was once initiated by means of the realm financial institution, with participation via OECD. This resulting quantity displays the most matters that come up in layout and implementation of pageant legislations and coverage in an effort to help nations in constructing an method that matches their very own wishes and stipulations. The perspectives articulated during this ebook recommend that the management and enforcement of pageant legislations coverage may still assign the best value to fostering financial potency and buyer welfare.

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Sample text

In other words, this approach focuses more on the actual or possible market behavior of merging firms than on the market dominance the merger may bring about. The other dimensions of merger policy are the extent to which specific transactions are to be evaluated in terms of economic efficiency, public interest and benefit, or some combination. Viewed in this manner, there is a connection between the policy approach and the substantive criteria applied in assessing mergers that bears directly on the objectives of competition policy.

The central issue is the priority Page 8 attached to competition policy objectives in the overall framework of government policies. An assessment of the impact of various public policies on competition is beyond the scope of this volume. However, a list of microindustrial government policies that can support or adversely impinge on the application of competition policy would include: · Trade policy, including tariffs, quotas, subsidies, antidumping actions, domestic contentregulations, and export restraints.

Attempts to take into account multiple objectives in the administration of competition policy may give rise to conflicts and inconsistent results. For instance, protecting small businesses and maintaining employment could conflict with attaining economic efficiency. With the small business objective, competitors rather than competition may be protected. In addition, such concerns as community breakdown, fairness, equity, and pluralism cannot be quantified easily or even defined acceptably. Attempts to incorporate them could result in inconsistent application and interpretation of competition policy.

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A framework for the design and implementation of competition law and policy by R. S. Khemani, World Bank, Organisation for Economic Co-operation and Development


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