The Modernization of European Antitrust Enforcement: The Economics of Regulatory Competition

B. Depoorter, F. Parisi
{"title":"The Modernization of European Antitrust Enforcement: The Economics of Regulatory Competition","authors":"B. Depoorter, F. Parisi","doi":"10.2139/SSRN.699802","DOIUrl":null,"url":null,"abstract":"In this article we analyze the expected effects of regulatory overlap in European competition law resulting from Regulation 1/2003. Drawing upon recently developed economic theories of regulatory competition, our model foresees a number of qualitative adjustments resulting from this reform. On one hand, the direct applicability of the exemption provision should increase the overall amount of exemptions. On the other hand, a decentralized system permits private litigants' forum shopping, and parallel enforcement by multiple national competition authorities will drive up the number of infringement findings. Although the precise direction of substantive competition law is unclear, the overall effect is higher levels of regulatory activity. This entails not only greater administrative costs but also suggests increased transaction costs for doing business in the post-Regulation 1/2003 European Union.","PeriodicalId":311129,"journal":{"name":"George Mason Law Review","volume":"84 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2005-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"George Mason Law Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.699802","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 7

Abstract

In this article we analyze the expected effects of regulatory overlap in European competition law resulting from Regulation 1/2003. Drawing upon recently developed economic theories of regulatory competition, our model foresees a number of qualitative adjustments resulting from this reform. On one hand, the direct applicability of the exemption provision should increase the overall amount of exemptions. On the other hand, a decentralized system permits private litigants' forum shopping, and parallel enforcement by multiple national competition authorities will drive up the number of infringement findings. Although the precise direction of substantive competition law is unclear, the overall effect is higher levels of regulatory activity. This entails not only greater administrative costs but also suggests increased transaction costs for doing business in the post-Regulation 1/2003 European Union.
欧洲反垄断执法的现代化:管制竞争的经济学
在本文中,我们分析了法规1/2003导致的欧洲竞争法监管重叠的预期影响。根据最近发展的监管竞争的经济理论,我们的模型预测了这次改革带来的一些定性调整。一方面,豁免条款的直接适用应增加豁免的总量。另一方面,一个分散的系统允许私人诉讼当事人在论坛上购物,多个国家竞争主管部门的并行执法将增加侵权调查结果的数量。尽管实质性竞争法的确切方向尚不清楚,但总体效果是提高了监管活动的水平。这不仅需要更大的行政成本,而且还意味着在法规1/2003后的欧盟开展业务的交易成本增加。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信