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The failing firm defence (FFD) has arisen infrequently in merger cases but is expected to be used more frequently in the current economic climate. The FFD exists in most OECD jurisdictions and exempts an otherwise anticompetitive merger from challenge under the competition laws if the target company is in such poor financial condition that its only other option would be to exit the relevant market. This proceedings includes elements
Based on an endogenous growth model, we show that intermediate goods markets imperfections can curb incentives to improve productivity downstream.
The journal is a unique resource for competition experts. It provides insight into the thinking of competition law enforcers while focusing on the pratical application of competition law and policy.
Product market regulation on average is Slovenia does not appear particularly stringent, but heavy state involvement and high market concentration in several industries call for the gauging of competitive pressures in Slovenian industries.
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it.
This report reviews Brazil's competition policy system and highlights what more could be done to implement the structural changes envisaged in the proposed revisions to Brazil’s competition law.
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This review assesses how the country deals with competition and regulatory issues, from the soundness of its competition law to the structure and effectiveness of its competition institutions.
This paper presents in summary form the findings that emerge from a study of 20 structural reform episodes in 10 OECD countries.
The OECD Council has adopted a number of non-binding Recommendations on competition law and policy. In addition, the Competition Committee has adopted Best Practices. These Recommendations and Best Practices are often catalysts for major change by governments.
This paper uses the OECD’s Going for Growth framework, as well as other available evidence linking policies to economic performance, to identify key structural policy challenges in the BIICS for the years ahead.