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Competition on the Global Market: A Way Towards an Autonomous International Court for Global Competition Cases

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  • Alen Balde

Abstract

Competition policy is a field where economists and lawyers have to work hand in hand to achieve efficiency and, in the international arena, global welfare. At the present, there is no internationally recognised official authority under the auspices of which there would take shape the global competition policy and, simultaneously, set up a core of global competition rules. Competition policy, still national or supranational in its nature, is, as a consequence, under strong influence of other national or supranational policies and so regulated by various laws that in their specific way address competition cases including those with an international element. Overlapping of jurisdictions, conflicts between substantive and procedural laws are unavoidable. Considering that full and simultaneous compliance with all those laws is a hard task to fulfil, it makes cross-border transaction much more risky, time consuming, and costly than is necessary. By setting up an autonomous international court for global competition cases not only would we get rid obstacles to efficient enforcement of competition but we could make global welfare flourish without depriving developing countries of their economic growth.

Suggested Citation

  • Alen Balde, 2008. "Competition on the Global Market: A Way Towards an Autonomous International Court for Global Competition Cases," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 6(2), pages 207-222.
  • Handle: RePEc:mgt:youmgt:v:6:y:2008:i:2:p:207-222
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1581-6311/6_207-222.pdf
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    References listed on IDEAS

    as
    1. Guzman, Andrew T., 2000. "International Antitrust and the WTO: The Lesson from Intellectual Property," Berkeley Olin Program in Law & Economics, Working Paper Series qt80r0k642, Berkeley Olin Program in Law & Economics.
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    More about this item

    Keywords

    global competition; global market; international court; enforcement; World Trade Organization;

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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