Reconciling Efficiency and Equity: A Global Challenge for Competition Policy by

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This book explores the role of competition law as a form of economic and social regulation in modern technological capitalism. It should attract competition academics, competition policy officials, judges and policy-makers, competition law students, and trade regulation experts.

FORMATPaperback CONDITIONBrand New Publisher Description

Due to the growing influence of economics and economists in competition law and policy discourse and the internationalization of antitrust, the equity versus efficiency trade-off debate has played a defining role in the transformation of the dominant paradigm governing competition law enforcement since at least the 1970s. The debate remains crucial today as issues of economic inequality and its interaction with efficiency become of central concern to policy and decision-makers in competition law, as well as in other spheres of public policy. Despite their central role in the grammar of competition law on the global plane, the intellectual underpinnings of the interactions between 'equity' and 'efficiency' in the context of competition law have never been examined in-depth. This book aims precisely to fill this gap by discussing new approaches in understanding the role of efficiency and equity concerns in competition law.

Author Biography

Damien Gerard serves as a case handler in the Directorate General for Competition of the European Commission and is an academic affiliated with the University of Louvain and the College of Europe, where he also heads the Global Competition Law Center (GCLC). Ioannis Lianos holds the chair of global competition law and policy at University College London and Director of the Centre for Law, Economics and Society at the University College London. He is also the chief researcher of the Higher School of Economics (HSE) Skolkovo Institute for Law and Development.

Table of Contents

Introduction Damien Gerard and Ioannis Lianos; Part I. Framing the Tension between Equity and Efficiency as a Global Challenge for Competition Policy: The Vision of a Pioneer: 1. Eleanor Fox: insights from an outsider Diane Wood; 2. Citizen Fox and the vision of antitrust cosmopolitanism Philip Marsden and Spencer Weber Waller; Part II. Reconciling Equity and Efficiency: The Challenge of Making Markets Work for People: Section 1. Competition for the People: 3. The poverty of competition law – the short story Ioannis Lianos; 4. The social contract: should we recalibrate competition law to limit inequality? Michal Gal; 5. Oligarchies, competition and development Abel M. Mateus; 6. Promoting competition reforms for the benefit of ordinary people Pradeep S. Mehta; 7. Competition (law), access to telecommunication technologies and development Mor Bakhoum; 8. Competition law prescriptions and competitive outcomes: insights from Southern and East Africa Simon Roberts; Section 2. Competition against Power: 9. The Australian controversy over abuse of market power law – a study in political economy Alan Fels; 10. Competition against power: the puzzle of the personal butler Ariel Ezrachi and Maurice Stucke; 11. Economic efficiency versus democracy: on the potential role of competition policy in regulating digital markets in times of post-truth politics Josef Drexl; Section 3. Competition, Inequality and Industrial Policy: 12. Competition policy and industrial policy: mortal enemies or potential allies? David Lewis; 13. Antitrust, industrial policy and economic populism Daniel D. Sokol; Part III. Reconciling Equity and Efficiency: The Challenge of Effective Antitrust Enforcement: Section 1. Designing Effective Enforcement Systems: 14. The role of competition culture Albert A. Foer; 15. Formula for success: a Formula One approach to understanding competition law system performance William Kovacic; 16. Evaluating the performance of competition agencies: the limits of assessment methodologies and their policy implications Edward M. Iacobucci and Michael J. Trebilcock; 17. Toward a realistic comparative assessment of private antitrust enforcement Dan Crane; 18. Antitrust enforcement in the US and the EU: a comparison of the two federal systems Daniel L. Rubinfeld; 19. Galvanising national competition authorities in the European Union Giorgio Monti; Section 2. Effective Coordination of Enforcement Systems: A Global Governance Perspective: 20. Extraterritoriality and the question of jurisdiction in competition law Dennis Davis; 21. Competition enforcement, trade, and global governance Petros C. Mavroidis and Damien J. Neven; 22. Competition enforcement cooperation and the dynamics of convergence Damien Gerard; Afterword: 23. Competition policy at the intersection of equity and efficiency: the developed and developing worlds Eleanor M. Fox.

Review

'This new book entitled Reconciling Efficiency and Equity by Damien Gerard and Ioannis Lianos is a most welcome publication from Cambridge University Press (CUP). Its purpose is in the sub-title - a global challenge for competition policy coming as it does from CUP's series on global competition law and economics policy.' Barrister Magazine

Promotional

Provides a new conceptualization of competition law as economic inequality and its interaction with efficiency become of central concern to policy and decision-makers.

Review Quote

'This new book entitled Reconciling Efficiency and Equity by Damien Gerard and Ioannis Lianos is a most welcome publication from Cambridge University Press (CUP). Its purpose is in the sub-title - a global challenge for competition policy coming as it does from CUP's series on global competition law and economics policy.' Barrister Magazine

Promotional "Headline"

Provides a new conceptualization of competition law as economic inequality and its interaction with efficiency become of central concern to policy and decision-makers.

Details ISBN1108702880 Pages 474 Publisher Cambridge University Press Year 2022 ISBN-10 1108702880 ISBN-13 9781108702881 Publication Date 2022-05-19 UK Release Date 2022-05-19 Format Paperback Imprint Cambridge University Press Place of Publication Cambridge Country of Publication United Kingdom AU Release Date 2022-05-19 NZ Release Date 2022-05-19 Illustrations Worked examples or Exercises; 7 Tables, black and white; 10 Halftones, black and white; 8 Line drawings, black and white Author Ioannis Lianos Subtitle A Global Challenge for Competition Policy Edited by Ioannis Lianos Series Global Competition Law and Economics Policy Alternative 9781108498081 DEWEY 343.0721 Audience Professional & Vocational We've got this

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