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The Economic Rationale of United States v. Google 美国诉bbb的经济原理
Q2 Social Sciences Pub Date : 2022-01-19 DOI: 10.1177/0003603X211067116
Germán Bet, R. Blair, J. Donna
In 2020, the Department of Justice (DOJ) filed an antitrust suit against Google alleging that Google has unlawfully monopolized the markets for general search services, search advertising, and general search text advertising. The complaint raises questions involving market definition, monopoly power, and monopolizing conduct. In this article, we examine these issues through the lens of microeconomic principles. Our analysis finds that there is a sound economic rationale for the DOJ’s complaint.
2020年,美国司法部(DOJ)对谷歌提起反垄断诉讼,指控谷歌非法垄断了通用搜索服务、搜索广告和通用搜索文本广告市场。该投诉提出了涉及市场定义、垄断力量和垄断行为的问题。在本文中,我们将从微观经济学原理的角度来审视这些问题。我们的分析发现,美国司法部的申诉有一个合理的经济理由。
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引用次数: 1
Cross-Border Cartels Enforcement Under the Africa Continental Free Trade Area 非洲大陆自由贸易区下的跨国卡特尔执法
Q2 Social Sciences Pub Date : 2021-12-01 DOI: 10.1177/0003603X211045754
Hardin Ratshisusu, Mapato Ramokgopa, Elikana Maroge
Effective enforcement of competition laws on a global scale is a prerequisite for open economies, fair trading conditions, and level playing fields, and ultimately, inclusive economic development for improved and better lives. Improving enforcement co-operation between competition authorities has been a priority for the Organization for Economic Co-Operation and Development, United Nations Conference on Trade and Development, and International Competition Network for many years. This article argues that there is increased scope for competition authorities in Africa to effectively regulate cross-border cartel activities under the Africa Continental Free Trade Area (AfCFTA). It is recognized that for the AfCFTA to meet its general objectives under Article 3 of the AfCFTA framework agreement, States Parties must develop a framework on competition policy which is part of the second phase of the negotiations that will culminate into a Protocol on Competition Policy. Following a review of competition policies and laws of selected African countries in Southern African Development Community, East African Community, Economic Community of West African States, and Common Market for Eastern and Southern Africa, this article suggests an appropriate competition law and policy for Africa, particularly one that will enhance capability to combat cross-border cartels.
在全球范围内有效执行竞争法是开放经济、公平贸易条件和公平竞争环境的先决条件,也是最终实现包容性经济发展以改善和改善生活的先决前提。多年来,加强竞争主管部门之间的执法合作一直是经济合作与发展组织、联合国贸易和发展会议以及国际竞争网络的优先事项。本文认为,非洲竞争主管部门在非洲大陆自由贸易区(AfCFTA)下有效监管跨境卡特尔活动的空间越来越大。人们认识到,为了实现AfCFTA框架协议第3条规定的总体目标,缔约国必须制定一个竞争政策框架,这是谈判第二阶段的一部分,最终形成一项竞争政策议定书。在审查了南部非洲发展共同体、东非共同体、西非国家经济共同体和东部和南部非洲共同市场中选定的非洲国家的竞争政策和法律之后,本文提出了一项适合非洲的竞争法和政策,特别是一项将提高打击跨境卡特尔能力的竞争法。
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引用次数: 1
Predatory Pricing Under the Federal Competition and Consumer Protection Act of 2019 of Nigeria: An Unfinished Business 根据尼日利亚2019年联邦竞争和消费者保护法的掠夺性定价:一项未完成的事业
Q2 Social Sciences Pub Date : 2021-11-11 DOI: 10.1177/0003603X211045437
Wiseman Ubochioma
Predatory pricing is one of the market practices that are prohibited in competition law. It occurs when a dominant firm sells its product at an unreasonably low price in order to eliminate competitors from the market. The Federal Competition and Consumer Protection Act, 2019 of Nigeria prohibits this practice. This article, therefore, examines predatory pricing under the Act. It argues that the prescription of the cost-based principles of marginal and average cost as sole determinants of predatory pricing under the Act would not provide the Federal Competition and Consumer Protection Commission (FCCPC) and courts with the appropriate legal standard in determining predatory pricing. It suggests that the provision of the law should be reformed to include the principle of recoupment as a legal standard for imposing liability for the practice against defaulting firms. This will assist the FCCPC and courts to distinguish pro-competitive predatory pricing from anticompetitive predatory pricing.
掠夺性定价是竞争法所禁止的市场行为之一。当一家占主导地位的公司以不合理的低价销售其产品,以将竞争对手从市场上排挤出去时,就会发生这种情况。尼日利亚2019年《联邦竞争和消费者保护法》禁止这种做法。因此,本文考察了该法案下的掠夺性定价。它认为,将基于成本的边际成本和平均成本原则作为该法案下掠夺性定价的唯一决定因素的规定,不会为联邦竞争和消费者保护委员会(FCCPC)和法院提供确定掠夺性定价的适当法律标准。它建议对法律的规定进行改革,以包括赔偿原则,作为对违约公司的做法施加责任的法律标准。这将有助于fccc和法院区分有利于竞争的掠夺性定价和不利于竞争的掠夺性定价。
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引用次数: 0
Introduction 介绍
Q2 Social Sciences Pub Date : 2021-10-10 DOI: 10.1177/0003603x211044905
R. Ahdar
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引用次数: 0
The Centrality of Rivalry 竞争的中心性
Q2 Social Sciences Pub Date : 2021-10-03 DOI: 10.1177/0003603X211045435
R. Ahdar
The aim of this article is to argue that the old-fashioned idea of rivalry remains central to the concept of effective competition and, in turn, to the promotion of the competitive process. Rivalry was the core meaning of competition among the early economists. The concern with vigorous, sustained actual rivalry may have been lost sight of, but it ought not to have been. Rivalry cannot of course be the exhaustive focus for many other factors and influences affect the level of effective competition. But a searching rivalry inquiry provides a valuable initial screen. By reemphasizing the primacy of rivalry, we may also foster the ability of competition law to act not just as a key driver of economic efficiency and growth, but also as a pro-democratic vehicle to check powerful private centers of economic power.
本文的目的是认为,老式的竞争观念仍然是有效竞争概念的核心,反过来也是促进竞争过程的核心。竞争是早期经济学家之间竞争的核心含义。对激烈、持续的实际竞争的担忧可能已经被忽视了,但不应该被忽视。竞争当然不能成为其他许多因素和影响有效竞争水平的焦点。但搜索竞争调查提供了一个有价值的初步筛选。通过重新强调竞争的首要地位,我们还可以培养竞争法的能力,使其不仅成为经济效率和增长的关键驱动力,而且成为制衡强大的私人经济权力中心的亲民主工具。
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引用次数: 0
Labor Noncompete Agreements: Tool for Economic Efficiency or Means to Extract Value from Workers? 劳动竞业禁止协议:提高经济效率的工具还是从工人身上获取价值的手段?
Q2 Social Sciences Pub Date : 2021-09-30 DOI: 10.1177/0003603X211045443
David J. Balan
A number of theoretical arguments have been offered in favor of noncompete provisions in labor agreements. While there has been considerable empirical research on the effects of those provisions, there has been little direct evaluation of the arguments themselves. In this article, I lay out and evaluate three commonly heard arguments, namely, (1) the voluntary nature of labor agreements justifies a strong inference that the terms of those agreements, including noncompete provisions, are beneficial for both workers and firms and that they are economically efficient, 2(A) noncompetes facilitate efficient knowledge transfer from firms to workers, and 2(B) noncompetes encourage efficient firm-sponsored investment in worker training. These arguments, though not entirely without merit, mostly do not survive close scrutiny, and in fact such scrutiny reveals strong arguments that point in the opposite direction. In addition, noncompetes may cause important additional harms that are not measured in conventional economic research.
在劳动协议中支持竞业禁止条款的理论论据有很多。虽然对这些规定的影响进行了大量的实证研究,但对这些论点本身的直接评价却很少。在本文中,我列出并评估了三个常见的论点,即:(1)劳动协议的自愿性质证明了一个强有力的推论,即这些协议的条款,包括竞业禁止条款,对工人和企业都有利,而且它们具有经济效率;(a)竞业禁止促进了企业向工人的有效知识转移;(B)竞业禁止鼓励了企业在工人培训方面的有效投资。这些论点,虽然不是完全没有价值,但大多经不起仔细审查,事实上,这种审查揭示了指向相反方向的强有力的论点。此外,竞业禁止可能会造成传统经济研究无法衡量的重要额外损害。
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引用次数: 1
Partial Price-Fixing and Semi-Collusion 部分价格垄断和半串通
Q2 Social Sciences Pub Date : 2021-09-30 DOI: 10.1177/0003603X211045434
C. Noonan
Many cartels do not directly fix the price of products. Instead, the participants may agree on a starting price for negotiations or the price of a component of the overall price. Antitrust investigations reveal that cartel agreements are also often very imperfectly implemented. Antitrust law in the United States and the European Union has typically taken a robust approach to these practices even where economic analysis might be unable to show that such practices always or almost always harm consumer welfare. The decision of the New Zealand Supreme Court in Lodge Real Estate Ltd. v. Commerce Commission offers a New Zealand perspective on the concept of a price-fixing agreement and imperfect collusion. The Court, this article argues, reached the correct decision in Lodge. The decision, however, evidences a pragmatic judgment, rather than the confident deployment of economic learning or foreign case law within the statutory framework of the Commerce Act 1986. The language of sections 30 and 30A of the Act was borrowed from an Australian statute, which in turn had attempted to capture the state of United States price-fixing law in the 1970s. A more formalistic and pre-Chicago approach to antitrust is evident in the language, much of which was inspired by United States v. Socony-Vacuum Oil Co. The case also highlights some of the distinctive features of the competition law in New Zealand. The reluctance to develop to guide in the application of the general provisions of the Commerce Act and requiring a demonstration of an effect on price on the facts may mark a departure from the body of pricing case law in the United States and the European Union and risks undermining the per se prohibition of cartel conduct in the Commerce Act. Without the same depth and breadth of cartel case law, the adoption of a more flexible approach to anticompetitive agreements evident in some decisions in the United States and the European Union could have different effects in a smaller jurisdiction.
许多卡特尔并不直接决定产品的价格。相反,参与者可以就谈判的起始价格或总价格的一个组成部分的价格达成一致。反垄断调查显示,卡特尔协议的执行也往往非常不完善。美国和欧盟的反垄断法通常对这些做法采取强有力的方法,即使经济分析可能无法表明这些做法总是或几乎总是损害消费者福利。新西兰最高法院在Lodge Real Estate有限公司诉商务委员会案中的裁决为新西兰提供了一个关于定价协议和不完全共谋概念的视角。本文认为,法院在洛奇案中作出了正确的裁决。然而,这一决定证明了一种务实的判断,而不是在1986年《商业法》的法定框架内自信地部署经济学习或外国判例法。该法案第30条和第30A条的语言借鉴了澳大利亚的一项法规,该法规反过来试图反映20世纪70年代美国的价格操纵法。语言中明显体现了一种更为形式主义和芝加哥之前的反垄断方法,其中大部分灵感来自美国诉索科尼真空石油公司。该案还突出了新西兰竞争法的一些独特特征。不愿发展为指导《商业法》一般条款的适用,并要求根据事实证明对价格的影响,这可能标志着偏离了美国和欧洲联盟的定价判例法主体,并有可能破坏《商务法》本身对卡特尔行为的禁止。如果卡特尔判例法没有同样的深度和广度,在美国和欧洲联盟的一些裁决中,对反竞争协议采取更灵活的做法,可能会在较小的管辖区产生不同的影响。
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引用次数: 1
Designing an AfCFTA-Driven Continent-Wide Competition Policy Around the Regional Economic Communities 围绕区域经济共同体设计由非洲自由贸易区驱动的全大陆竞争政策
Q2 Social Sciences Pub Date : 2021-09-29 DOI: 10.1177/0003603X211045749
Fiona Okadia, Emmanuel Wa-Kyendo, Melody Njeru, Darmi Jattani, L. Kemboi
Implementation of the African Continental Free Trade Area (AfCFTA) Agreement will lead to liberalization of trade in Africa, thus expanding the market for African products and services. Expansion of markets necessitates development of a regulatory framework that will promote healthy competition among businesses and protect consumers’ welfare. The Agreement recognizes this fact and has set out the Competition Protocol among the key enablers of its success. Since the regional economic communities (RECs) are the building blocks of the continental wide free trade area, the analysis of their regional competition regime is paramount for providing insight that will guide the development of the Competition Protocol. This article responds to this need by analyzing Africa’s four largest RECs and providing policy proposals on how the continental competition policy should be fashioned. Specifically, this article looks at the RECs’ institutional structure, principles, and carries out a legal, economic, and political analysis on the same. It examines how these laws relate to the three elements (abuse of dominance, anticompetitive mergers, and acquisitions) of competition policy and the challenges that they pose in achieving AfCFTA’s goal. It also looks into the challenges that affect trade and fair competition in the region. Finally, it offers proposals on the competition framework that bridge the gap between the AfCFTA Agreement objectives and the African economic, political, and legal realities.
《非洲大陆自由贸易区协定》的实施将导致非洲贸易自由化,从而扩大非洲产品和服务的市场。要扩大市场,就必须制定一种监管框架,以促进企业之间的良性竞争并保护消费者的福利。《协定》认识到这一事实,并在其成功的关键促成因素中制定了《竞争议定书》。由于区域经济共同体(RECs)是大陆范围自由贸易区的基石,对其区域竞争制度的分析对于提供指导竞争议定书发展的见解至关重要。本文通过分析非洲四个最大的经济发展中心来回应这一需求,并就如何制定大陆竞争政策提出政策建议。具体而言,本文着眼于区域经济合作伙伴关系的制度结构、原则,并对其进行法律、经济和政治分析。它研究了这些法律如何与竞争政策的三个要素(滥用支配地位、反竞争合并和收购)以及它们对实现非洲自由贸易区目标所构成的挑战相关联。报告还探讨了影响该地区贸易和公平竞争的挑战。最后,它提出了关于竞争框架的建议,以弥合非洲自由贸易区协定目标与非洲经济、政治和法律现实之间的差距。
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引用次数: 1
The Coca-Cola Company/Coca-Cola Beverages Africa Merger: Lessons for Robust Regional Competition Enforcement 可口可乐公司/可口可乐饮料非洲合并:加强区域竞争执法的经验教训
Q2 Social Sciences Pub Date : 2021-09-29 DOI: 10.1177/0003603X211045436
Grace Nsomba
This article uses the Coca-Cola Company/Coca-Cola Beverages Africa merger to illustrate the important role that competition policy should continue to play in the regional and continental integration agenda. The case provides an illustrative example that the structure and reach of firms play a pivotal role in the dynamics of value chains, as well as on the extent to which market power can potentially be exerted within and across countries. Competitive rivalry is necessary for innovation and lower prices, but the playing field needs to be leveled in order for entrants and smaller rivals to make and realize investments, build capabilities, and participate effectively. Competition reforms that take a bottom-up approach and account for the varying levels of development of countries play an integral role in opening up markets for entrants and small rivals, which in turn allow for the objectives of the African Continental Free Trade Area to be realized.
本文利用可口可乐公司/可口可乐饮料非洲公司的合并来说明竞争政策应在区域和大陆一体化议程中继续发挥的重要作用。该案例提供了一个例证,说明企业的结构和覆盖范围在价值链的动态中以及在国家内部和国家之间可能发挥的市场力量的程度上发挥着关键作用。竞争对于创新和降低价格是必要的,但竞争环境需要公平,以便进入者和较小的竞争对手进行投资并实现投资、建立能力和有效参与。采取自下而上的方法并考虑到各国不同发展水平的竞争改革在为进入者和小型竞争对手开放市场方面发挥着不可或缺的作用,这反过来又使非洲大陆自由贸易区的目标得以实现。
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引用次数: 0
The Vodafone/Sky Decision and Vertical Mergers in New Zealand 沃达丰/天空的决定和新西兰的垂直合并
Q2 Social Sciences Pub Date : 2021-09-27 DOI: 10.1177/0003603X211044907
Paul G. Scott
As Professor Ahdar’s text shows, New Zealand’s competition law has undergone an evolution. Views on various practices have changed and this led to academic disagreements. One area, however, has been free from any controversy and that is vertical mergers. The reason is not uniformity of philosophy—but rather more prosaic. New Zealand has not had any cases. This changed with the Vodafone/Sky merger. This article discusses the Commerce Commission’s decision to decline the merger and how it is in line with current thinking on vertical mergers.
正如Ahdar教授的文章所示,新西兰的竞争法经历了演变。对各种实践的看法发生了变化,这导致了学术上的分歧。然而,有一个领域没有任何争议,那就是垂直合并。原因不在于哲学的统一性,而在于更为平淡无奇。新西兰没有任何病例。这种情况随着沃达丰与天空电视台的合并而改变。本文讨论了美国商务委员会拒绝并购的决定,以及它如何符合当前对垂直并购的思考。
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引用次数: 0
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Antitrust Bulletin
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