The Governance of Global Competition: Competence Allocation in International Competition Policy
"The globalization of market competition and business behaviour fosters globalization of cartels and monopolizing mergers that can lead to abusive and predatory strategies. The globalization of competition therefore also demands an internationalization of competition policy. However, Oliver Budzinski is realistic in his assertion that supranational competition governance must be built upon the existing, predominantly national, regimes. The resulting multilevel system of antitrust institutions...
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"The globalization of market competition and business behaviour fosters globalization of cartels and monopolizing mergers that can lead to abusive and predatory strategies. The globalization of competition therefore also demands an internationalization of competition policy. However, Oliver Budzinski is realistic in his assertion that supranational competition governance must be built upon the existing, predominantly national, regimes. The resulting multilevel system of antitrust institutions and authorities, he argues, is problematic for the horizontal and vertical allocation of competences. This book employs the economics of federalism to create an analytical framework which can be used for comparative analysis of stylized competence allocation rules. The result is a proposal for a sound international multilevel competition policy system that combines elements of both centralized and decentralized governance." This book provides an innovative and unique perspective on international competition policy and will be of interest to economists, legal scientists and competition authorities as well as academics and practitioners of international governance, international relations and politics.
List of figuresList of tables1 Introduction 12 Globalisation of competition and business structures 103 International competition policy between decentralism and centralism 264 Toward an international multilevel system of competition policies 845 A comparative analysis of different rules for the allocation and delimitation of competences 1516 On the appropriate design of an international multilevel competition policy system 218References 238Index 281
