By Niamh Dunne
Niamh Dunne undertakes a scientific exploration of the connection among pageant legislations and monetary legislation as criminal mechanisms of industry regulate. starting from a theoretical evaluation of those criminal tools as discrete mechanisms, the writer is going directly to tackle a number of elements of the great interrelationship among festival legislations and financial rules. She considers, among different features, the idea that of regulatory festival legislations; deregulation, liberalisation and 'regulation for competition'; the concurrent software of pageant legislation in regulated markets; and suitable institutional points together with marketplace research strategies, the distribution of enforcement powers among pageant firms and region regulators, and sure felony powers that show a 'hybridised' caliber mendacity among pageant legislations and monetary legislation. all through her evaluate, Dunne identifies and explores recurrent issues that tell and form the optimum dating among those felony mechanisms inside any jurisdiction.
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Extra info for Competition Law and Economic Regulation: Making and Managing Markets
While the Ordoliberal vision is similar to the goal of protecting the competitive process, insofar as both seek to protect opportunities for competitors to enter markets and participate in trade, the crucial concern for advocates of the economic freedom approach is to vindicate the right of individuals to participate in economic life. The task of identifying concretely a single purpose or goal for either US or EU competition law is probably impossible. 167 This objective is also seen in the much-criticised Robinson–Patman Act, enacted in 1936, which we consider further in Chapter 5.
64 Policy-makers must decide whether to pursue the most efﬁcient market-based allocation achievable in the circumstances, which may have signiﬁcant imperfections, or whether instead to opt for some non-market-based regulatory solution that secures the distribution that society considers optimal in the circumstances, but with the risks that accompany interference with the market process. A key feature of second-best solutions is that a single deviation from the optimal conditions for the functioning of a market is likely to have an impact on each of the other market assumptions.
GTE Sylvania Inc. 433 US 36 (1977), 50. Ibid, 49. C. §2. C. §18. C. §18a. Kovacic & Shapiro (2000:43) asserted that the Sherman Act is ‘unequalled in its generality’ amongst statutes regulating commerce in the US. ii. mechanisms to address market failure (i) 21 of the law’s substantive content was developed judicially. 110 Moreover, the attitude of US courts to the scope of antitrust has varied widely during the century-plus following enactment of the Sherman Act,111 as will be shown when we examine the purposes of competition law.
Competition Law and Economic Regulation: Making and Managing Markets by Niamh Dunne