The Governance of Global Competition
Show Less

The Governance of Global Competition

Competence Allocation in International Competition Policy

Oliver Budzinski

This book employs the economics of federalism to create an analytical framework which can be used for comparative analysis of stylised 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 and international relations and politics.
Buy Book in Print
Show Summary Details

Chapter 6: On the Appropriate Design of an International Multilevel Competition Policy System

Oliver Budzinski

Extract

6. On the appropriate design of an international multilevel competition policy system 1. ELEMENTARY FEATURES OF AN INTERNATIONAL MULTILEVEL SYSTEM OF COMPETITION POLICIES An international multilevel system of competition policies along the lines of section 1.2.1 of Chapter 4 represents a complex regime with a multitude of competition laws and agencies – interwoven with each other. Competition policy competences on different levels of the system imply a coexistence of horizontal and vertical interrelation between the elements of the systems. The mutual interrelation of the elements generates dynamics which jeopardise a sustainable balance of centralising forces – destroying the system by monocultivating and eroding diversity – and decentralising forces – destroying the system by causing decay and eroding coherence. As it is argued in this book, competence allocation is crucial in maintaining a sustainable balance between (radical) centralism and (radical) decentralism. Before the derived superior competence allocation rules are reformulated in the context of an international multilevel system of competition policies, the diversity of involved elements is explained in more detail. Drawing on the current structure of antitrust in the world and in the leading jurisdictions, the following vertical structure of an international multilevel system of competition policies is assumed. The top level is global, thus paying tribute to the process of market globalisation. The second level, however, is also supranational. It consists of competition policy regimes that are international, albeit regionally limited. A natural example – and the most comprehensively developed one – is the competition policy of the EU.1 However, there are a distinct number...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.