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An International Multilevel Competition Policy System

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  • Oliver Budzinski

    ()
    (Department of Environmental and Business Economics, University of Southern Denmark)

Abstract

This paper develops a proposal for an international multilevel competition policy system, which draws on the insights of the analysis of multilevel systems of institutions. In doing so, it targets to contribute bridging a gap in the current world economic order, i.e. the lack of supranational governance of private international restrictions to market competition. Such governance can effectively be designed against the background of a combination of the well-known nondiscrimination principle and a lead jurisdiction model. Put very briefly, competition policy on the global level restricts itself to the selection and appointment of appropriate lead jurisdictions for concrete cross-border antitrust cases, while the substantive treatment remains within the competence of the existing national and regional antitrust regimes. This contribution is part of the refereed research project International Competition Policy - A Decentralised System of International Merger Control funded by the Volkswagen Foundation, priority area Global Structures and Governance.

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Bibliographic Info

Paper provided by University of Southern Denmark, Department of Environmental and Business Economics in its series Working Papers with number 83/09.

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Length: 53 pages
Date of creation: Feb 2009
Date of revision:
Handle: RePEc:sdk:wpaper:83

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Keywords: International competition policy; multilevel systems; international governance; economics of federalism; international economic order; international antitrust;

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References

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  1. Budzinski, Oliver, 2007. "Monoculture versus diversity in competition economics," IBES Diskussionsbeiträge 158, University of Duisburg-Essen, Faculty for Economics and Business Administration.
  2. Barros, Pedro P. & Cabral, Luis, 1994. "Merger policy in open economies," European Economic Review, Elsevier, vol. 38(5), pages 1041-1055, May.
  3. Manishi Prasad & Peter Wahlqvist & Rich Shikiar & Ya-Chen Tina Shih, 2004. "A," PharmacoEconomics, Springer Healthcare | Adis, vol. 22(4), pages 225-244.
  4. Karl M. Meessen, 2006. "How to Reduce Conflicts over International Antitrust?," Conferences on New Political Economy, in: Max Albert & Stefan Voigt & Dieter Schmidtchen (ed.), Conferences on New Political Economy, edition 1, volume 23, pages 339-343(5 Mohr Siebeck, Tübingen.
  5. Florian Muller & Christian Wey & Justus Haucap, 2006. "How to Reduce Conflicts over International Antitrust?," Conferences on New Political Economy, in: Max Albert & Stefan Voigt & Dieter Schmidtchen (ed.), Conferences on New Political Economy, edition 1, volume 23, pages 307-338(3 Mohr Siebeck, Tübingen.
  6. Keith Head & John Ries, 1997. "International Mergers and Welfare under Decentralized Competition Policy," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1104-23, November.
  7. Oliver Budzinski, 2003. "Cognitive Rules, Institutions, and Competition," Constitutional Political Economy, Springer, vol. 14(3), pages 213-233, September.
  8. Smets, Hilde & van Cayseele, Patrick, 1995. "Competing merger policies in a common agency framework," International Review of Law and Economics, Elsevier, vol. 15(4), pages 425-441, December.
  9. Tay, Abigail & Willmann, Gerald, 2005. "Why (no) global competition policy is a tough choice," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 312-324, May.
  10. Mariana Bode & Oliver Budzinski, 2005. "Competing Ways Towards International Antitrust: the WTO versus the ICN," Marburg Working Papers on Economics 200503, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
  11. Wolfgang Kerber, . "An International Multi-Level System of Competition Laws: Federalism in Antitrust," German Working Papers in Law and Economics 2003-1-1065, Berkeley Electronic Press.
  12. Kovacic, William E, 1992. "The Influence of Economics on Antitrust Law," Economic Inquiry, Western Economic Association International, vol. 30(2), pages 294-306, April.
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Cited by:
  1. Budzinski, Oliver, 2012. "Würde eine unabhängige europäische Wettbewerbsbehörde eine bessere Wettbewerbspolitik machen?," Ilmenau Economics Discussion Papers 78, Ilmenau University of Technology, Institute of Economics.
  2. Oliver Budzinski & Björn A. Kuchinke, 2012. "Deal or No Deal? Consensual Arrangements as an Instrument of European Competition Policy," Review of Economics, Lucius & Lucius, vol. 63(3), pages 265-292.
  3. Oliver Budzinski, 2006. "An Economic Perspective on the Jurisdictional Reform of the European Merger Control System," Marburg Working Papers on Economics 200608, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
  4. Budzinski, Oliver, 2012. "Impact evaluation of merger control decisions," Ilmenau Economics Discussion Papers 75, Ilmenau University of Technology, Institute of Economics.
  5. Oliver Budzinski, 2010. "An Institutional Analysis of the Enforcement Problems in Merger Control," Working Papers 101/10, University of Southern Denmark, Department of Environmental and Business Economics.
  6. Budzinski, Oliver, 2012. "International antitrust institutions," Ilmenau Economics Discussion Papers 72, Ilmenau University of Technology, Institute of Economics.

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