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SOEs, Foreign Investments & Competition: A View from the Gulf States 国有企业、外国投资与竞争:海湾国家的视角
IF 0.4 Q2 LAW Pub Date : 2021-12-01 DOI: 10.54648/woco2021027
N. Memeti, Agata Jurkowska-Gomułka
State-Owned Enterprises (SOEs) directly compete with private companies, including foreign investors. The scope of applicability of competition law towards SOEs constitutes one of the key features of national competition protection regimes. Two approaches (models) can be identified in this area: the equality approach (competition law applied in the same manner towards the public and the private sector; the model is based on the neutrality principle); and the differentiation approach (excluding fully the application of competition law on SOEs). The second model is usually justified by important social and economic goals, mainly by a necessity to provide highquality public services. However, the differentiation model may negatively affect both domestic competition and the investment atmosphere.The Gulf Cooperation Council (GCC) countries adopted competition laws that generally put SOEs and the public sector in a broader sense out of scrutiny of competition law regime. The paper aims to check what reasons lie behind a rejection of the neutrality principle in GCC’s competition laws, specifically if competition protection regimes are patterned on antitrust laws from liberal economies. By identifying how the differentiation approach to addressees of competition laws is reflected at a legislative or practical level in most GCC’s countries, the article tends to assess the impact of national competition laws on Foreign Direct Investments (FDI) in the Gulf region.competition law, Gulf States, neutrality principle, State-owned enterprises, foreign investments, national champions
国有企业直接与包括外国投资者在内的私营企业竞争。国有企业竞争法的适用范围是各国竞争保护制度的重要特征之一。在这方面可以确定两种方法(模式):平等方法(竞争法以同样的方式适用于公共部门和私营部门;该模型基于中立原则);区别对待(完全排除竞争法对国有企业的适用)。第二种模式通常以重要的社会和经济目标为理由,主要是提供高质量公共服务的必要性。然而,差异化模式可能会对国内竞争和投资环境产生负面影响。海湾合作委员会(GCC)国家通过的竞争法一般将国有企业和更广泛意义上的公共部门置于竞争法制度的审查之外。本文旨在检查海湾合作委员会竞争法中拒绝中立原则背后的原因,特别是如果竞争保护制度以自由经济体的反垄断法为模式。通过确定大多数海湾合作委员会国家在立法或实践层面上对竞争法目标的差异化方法是如何反映的,本文倾向于评估海湾地区国家竞争法对外国直接投资(FDI)的影响。竞争法,海湾国家,中立原则,国有企业,外国投资,国家冠军企业
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引用次数: 0
Creating More Public Value in the EU Competition Law by Reaching a Higher Level of Prevention in the Particular Context of the Digital Markets 在数字市场的特殊背景下,通过达到更高的预防水平,在欧盟竞争法中创造更多的公共价值
IF 0.4 Q2 LAW Pub Date : 2021-12-01 DOI: 10.54648/woco2021024
A. Tóth
The problem-solving mechanism developed by Sparrow in the field of social regulation could also be implemented in competition law in order to prevent the recurrence of competition problems in a given industry. The aim of competition authorities (as a protection-type agency) is to create public value. This is measured in terms of their ability to solve social problems by preventing or controlling harms. In the case of competition authorities, public value is achieved by ensuring a competitive market environment through the curtailment of market power and the removal of barriers to entry. The public value of prevention is especially important when markets have a tendency to become concentrated. In order to achieve the maximum preventive effect, all prevention tools must be operated effectively. This includes imposing structural remedies or switching to ex-ante prevention (regulation) when ex-post enforcement proves ineffective.concentration, deterrence, divestitures, ex-ante regulation, prevention
斯帕罗在社会规制领域发展起来的问题解决机制也可以运用到竞争法中,以防止某一特定行业的竞争问题再次发生。竞争管理机构(作为一个保护性机构)的目标是创造公共价值。这是根据他们通过预防或控制危害来解决社会问题的能力来衡量的。就竞争当局而言,公共价值是通过削弱市场力量和消除进入壁垒来确保竞争的市场环境来实现的。当市场趋于集中时,预防的公共价值尤为重要。为了达到最大的预防效果,必须有效地使用所有预防工具。这包括实施结构性补救措施,或者在事后执行被证明无效时转向事前预防(监管)。集中,威慑,撤资,事前监管,预防
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引用次数: 0
Shaping the New Modality of the Digital Markets: The Impact of the DSA/DMA Proposals on Inter-Platform Competition 塑造数字市场的新形态:DSA/DMA提案对平台间竞争的影响
IF 0.4 Q2 LAW Pub Date : 2021-10-01 DOI: 10.54648/woco2021017
Oles Andriychuk
An unprecedented recalibration of the rules regulating the functioning of competition in the digital markets has catalysed diverse reactions among the main stakeholders. The proposed approach to regulating gatekeepers will have a paradigmatic impact on European consumers, businesses and public institutions. It will have equally significant implications for the theoretical foundations of competition law, economics and policy. While formally the Digital Markets Act (DMA) is complementing, not substituting, existing provisions of competition de lege lata, such a substantial extension of the rationale and instruments of competition policy is likely to have significant implications also for the application of ex-post rules. The entire apparatus of competition law will be extended by the new modality. Out of the wide spectrum of changes introduced by the DMA/DSA proposal, this article identifies and analyses one of the central – though not so commonly discussed – elements of the transformation. It asks a normative question about what kind of competition in the digital markets the European Union should seek to establish, and a methodological question about procedural and substantive legal mechanisms used for shaping such a new format.digital competition law, polycentric and dialectical approach to antitrust, competition law and the digital economy, goals of competition law, ex-ante and ex-post competition policy, Digital Markets Act – DMA, inter-platform competition, ecosystem competition, Digital Services Act – DSA.
监管数字市场竞争运作的规则进行了前所未有的重新调整,在主要利益相关者之间引发了不同的反应。拟议中的监管看门人的方法,将对欧洲消费者、企业和公共机构产生典型影响。它将对竞争法、经济学和政策的理论基础产生同样重要的影响。虽然《数字市场法》(DMA)在形式上是补充而不是取代现行法律竞争的规定,但竞争政策的基本原理和工具的如此大幅度扩展也可能对事后规则的适用产生重大影响。新的模式将扩展整个竞争法机构。在DMA/DSA提案引入的广泛变化中,本文确定并分析了转换的一个中心元素(尽管不常讨论)。它提出了一个规范性问题,即欧盟应该在数字市场中寻求建立什么样的竞争,以及一个关于用于形成这种新格式的程序和实体法律机制的方法论问题。数字竞争法,反垄断的多中心和辩证方法,竞争法和数字经济,竞争法的目标,事前和事后竞争政策,数字市场法- DMA,平台间竞争,生态系统竞争,数字服务法- DSA。
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引用次数: 1
World Competition’s Editor, José Rivas, Interviews Mr Andreas Schwab, Rapporteur of the Digital Markets Act in the European Parliament 《世界竞争》编辑jos<s:1> Rivas采访欧洲议会数字市场法案报告员Andreas Schwab先生
IF 0.4 Q2 LAW Pub Date : 2021-10-01 DOI: 10.54648/woco2021016
J. Rivas
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引用次数: 0
Innovation Incentives in the Pharmaceutical Sector: Rethinking Competition and Public Policy? 制药行业的创新激励:重新思考竞争与公共政策?
IF 0.4 Q2 LAW Pub Date : 2021-10-01 DOI: 10.54648/woco2021019
Frank P. Maier-Rigaud, R. Lauer, Laura Robles
The incentives of pharmaceutical companies to innovate and how competition affects these incentives has been topical in recent years: for the general public, as evidenced by a patent race at an unprecedented pace during the ongoing Coronavirus disease 2019 (COVID-19) pandemic; and more specifically for competition authorities, as demonstrated for example by the role innovation played in the assessment of the Bayer/Monsanto (2018), Dow/DuPont (2017), and the Novartis/GSK (2015) mergers. This article contributes to the innovation debate, notably in the pharmaceutical industry, by giving an overview on firm and market-level incentives to carry out research and development (R&D). Understanding these innovation incentives is relevant for a proper competition assessment where the effect of a particular conduct or structural change on these incentives is considered, but also more generally in the context of public policy or regulatory questions. We review the fundamental elements driving innovation incentives and tentatively relate these to the development of new drugs for neurodegenerative diseases (NDD), in particular Parkinson’s disease (PD) and Alzheimer’s disease (AD).Health Economics, Pharmaceutical Products, Innovation, R&D, Information Asymmetry, Coase Conjecture, Replacement Effect, Patent Race, Neurodegenerative Diseases, Parkinson’s Disease, Alzheimer’s Disease
近年来,制药公司的创新激励措施以及竞争如何影响这些激励措施一直是热门话题:对于公众来说,在2019年冠状病毒病(COVID-19)大流行期间,以前所未有的速度进行的专利竞赛证明了这一点;更具体地说,对于竞争监管机构来说,创新在拜耳/孟山都(2018年)、陶氏/杜邦(2017年)和诺华/葛兰素史克(2015年)合并的评估中所发挥的作用就证明了这一点。本文通过概述企业和市场层面的激励措施来开展研究与开发(R&D),从而有助于创新辩论,特别是在制药行业。理解这些创新激励与适当的竞争评估有关,其中考虑到特定行为或结构变化对这些激励的影响,但也更普遍地在公共政策或监管问题的背景下。我们回顾了驱动创新激励的基本因素,并初步将这些因素与神经退行性疾病(NDD)新药的开发联系起来,特别是帕金森病(PD)和阿尔茨海默病(AD)。卫生经济学、医药产品、创新、研发、信息不对称、科斯猜想、替代效应、专利竞争、神经退行性疾病、帕金森病、阿尔茨海默病
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引用次数: 0
Innovation: An Antitrust Trojan Horse? 创新:反垄断的特洛伊木马?
IF 0.4 Q2 LAW Pub Date : 2021-06-01 DOI: 10.54648/woco2021013
Shaurya Aron
Innovation is regarded as the spearhead of consumer benefit in a competitive market. However, a strategy of predatory innovation presents the innovator with a shower of opportunities to close down the market and drive out competitors, thereby directly affecting consumer sovereignty. An inquiry into the relationship between innovation and market structures is not only important to assess the impact of such forms of the market on innovative activities, but also for a well-founded and evidenced framing of principles of antitrust laws in respect of Intellectual Property Rights (‘IPRs’). Therefore, this article makes a case for the legal recognition, across jurisdictions including India, of predatory innovation in the context of high-tech markets to uphold the objectives of the antitrust regime, i.e., consumer welfare. The article traces the progressive steps taken by developed jurisdiction in this context and highlights how a similar approach could be adopted by India, fitting its current framework.This article, firstly, discusses the impact the market structure has on the motives and incentives for a manufacturer to innovate; secondly, brings forward the anti-competitive nature of predatory innovation in high tech markets; thirdly, advocates for the need for legal recognition of the conduct of Predatory Innovation while noting the counterarguments; lastly, concludes with identifying the effects of recognizing Predatory Innovation as anticompetitive conduct.Innovation, Predatory, Market Structures, Monopoly, Intellectual Property Rights, India, High-tech Markets, Interoperability, Platforms, Network Effects
在竞争激烈的市场中,创新被视为消费者利益的先锋。然而,掠夺性创新策略为创新者提供了大量关闭市场和驱逐竞争对手的机会,从而直接影响到消费者的主权。研究创新和市场结构之间的关系不仅对于评估这种形式的市场对创新活动的影响很重要,而且对于在知识产权方面建立一个有充分根据和证据的反垄断法原则框架也很重要。因此,本文为包括印度在内的各个司法管辖区在高科技市场背景下对掠夺性创新的法律承认提出了一个案例,以维护反垄断制度的目标,即消费者福利。本文追溯了发达司法管辖区在这方面所采取的进步步骤,并强调了印度如何采取类似的方法,以适应其目前的框架。本文首先讨论了市场结构对制造商创新动机和激励的影响;其次,提出了高科技市场掠夺性创新的反竞争性质;第三,主张法律承认掠夺性创新行为的必要性,同时注意到反对意见;最后,总结了将掠夺性创新视为反竞争行为的影响。创新,掠夺性,市场结构,垄断,知识产权,印度,高科技市场,互操作性,平台,网络效应
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引用次数: 0
Book Review: Competition Law and Antitrust: A Global Guide, David J. Gerber. Oxford University Press. 2020. 书评:《竞争法与反托拉斯:全球指南》,大卫·j·格伯著。牛津大学出版社,2020。
IF 0.4 Q2 LAW Pub Date : 2021-06-01 DOI: 10.54648/woco2021015
Spencer Weber Waller
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引用次数: 0
Inability-to-Pay Fine Reductions in European Cartel Cases 欧洲卡特尔案件中无力支付罚款的减少
IF 0.4 Q2 LAW Pub Date : 2021-06-01 DOI: 10.54648/woco2021009
Ioannis P. Kokkoris, Garry A. Gabison, Nandini Pahari
The European Commission can consider ‘the economic and social context’ of cartel members when imposing fines. This article investigates the process behind the inability-to-pay fine reductions. These fine reductions are rare and its process opaque. This article looks at the European Commission opinions and the case law to shed some light on the process. This article also collects data on companies involved. We found that 18.3% of applicants were granted some reduction. Applicants behave as expected: companies that are more likely to become insolvent are more likely to apply for a fine reduction. But the European Commission does not grant fine reduction based on insolvency propensity. These results show the importance of transparency to avoid further waste of resources in applying and investigating fine reduction claims.Inability to Pay, Fine Reduction, Cartel, European Commission
欧盟委员会(European Commission)在施加罚款时,可以考虑卡特尔成员国的“经济和社会背景”。本文调查了无力支付罚款减免背后的过程。这种细微的削减是罕见的,而且其过程不透明。本文着眼于欧盟委员会的意见和判例法,以阐明这一过程。本文还收集了相关公司的数据。我们发现,18.3%的申请人获得了一定程度的减免。申请人的行为符合预期:更有可能资不抵债的公司更有可能申请减少罚款。但欧盟委员会(European Commission)不会根据破产倾向减免罚款。这些结果表明,透明度的重要性,以避免进一步浪费资源的申请和调查减少罚款索赔。无力支付,罚款减免,卡特尔,欧盟委员会
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引用次数: 0
Think Green Before You Apply: EU Competition Law and Climate-Change Abatement 申请前考虑环保:欧盟竞争法和气候变化减排
IF 0.4 Q2 LAW Pub Date : 2021-06-01 DOI: 10.54648/woco2021010
David Henry, Jacques Buhart
European Union (EU) competition law and the protection of the environment may not be the most obvious bedfellows. Nonetheless, how the EU competition rules can contribute to the EU’s mission to achieve climate neutrality by 2050 is a subject of keen debate – both by the European Commission (EC) and at Member State level. It is submitted, however, that the manner in which Article 101(3) of the Treaty on the Functioning of the European Union (TFEU) and the EU Merger Regulation (EUMR) are applied by the EC is unconducive to the achievement of the EU’s ambitious climate goals. As such, it requires adaptation. A principal, though not the only, stumbling block in this regard pertains to the EC’s insistence on the need to demonstrate economic ‘in-market’ efficiencies with a view to offsetting any alleged competition concerns. Environmental benefits, however, tend by definition to be ‘out-of-market’. Drawing upon recent developments at national level, in particular, this article therefore seeks to offer some food for thought on how the rules relating to Article 101(3) TFEU and the EUMR could be amended/ applied differently as a means of accommodating environmental benefits and supporting the 2050 climate neutrality objective.European Green Deal, Climate neutrality, Environment, Article 101(3) TFEU, EU Merger Regulation, In-market efficiencies, Out-of-market efficiencies, CECED, UK CMA, Netherlands ACM
欧盟(EU)竞争法和环境保护可能不是最明显的同盟者。尽管如此,欧盟竞争规则如何有助于欧盟到2050年实现气候中和的使命,这是欧盟委员会(EC)和成员国之间激烈辩论的主题。然而,本文认为,欧共体适用《欧洲联盟运作条约》(TFEU)第101(3)条和《欧盟合并条例》(eur)的方式不利于实现欧盟雄心勃勃的气候目标。因此,它需要适应。在这方面,一个主要的(虽然不是唯一的)障碍与欧共体坚持需要证明经济“市场内”效率,以抵消任何所谓的竞争问题有关。然而,根据定义,环境效益往往是“市场之外的”。因此,本文特别借鉴国家层面的最新发展,试图提供一些思路,探讨如何以不同的方式修改/应用与第101(3)条TFEU和EUMR相关的规则,以适应环境效益和支持2050年气候中和目标。欧洲绿色交易,气候中和,环境,第101(3)条TFEU,欧盟并购监管,市场内效率,市场外效率,CECED,英国CMA,荷兰ACM
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引用次数: 0
Online Advertising and the Competition for Data: What Abuse are We Looking For? 在线广告和数据竞争:我们在寻找什么滥用?
IF 0.4 Q2 LAW Pub Date : 2021-06-01 DOI: 10.54648/woco2021012
Alexandre Köhler
Competition law has to adapt to the challenges of the digital era, not by changing its objectives but by changing its analytical tools. At a time where the Commission contemplates going back to using exploitative abuses under Article 102 (a) TFEU, an enquiry into the use of these quite unexplored abuses for prohibiting excessive data gathering seems necessary. Considering that online advertising is the financial lungs of the zero-price economy in which platforms operate, we will address the competitive problems of third-party data processing from the standpoint of online advertising. Thus, we will analyse the functioning of advertising markets, how they interact with the consumer-facing markets as regards data extraction and what competitive problems may arise out of this interaction. The framework being set, we will give a detailed analysis of the Facebook decision from the German Competition Authority (GCA) by which it sanctioned Facebook for abuse of dominant position for its extensive data collection policy. Considering the successes and pitfalls of this attempt, we will suggest an analytical framework for approaching third-party data gathering under European competition law and Article 102 (a) TFEU in particular, taking into account exclusionary effects on the advertising side of platforms.advertising market, Facebook case, abuse of dominance (exploitative), abuse of dominance (exclusionary), third-party data gathering, unfair trading conditions, GDPR, causal link, theory of harm, DMA
竞争法必须适应数字时代的挑战,不是通过改变其目标,而是通过改变其分析工具。在欧盟委员会考虑根据TFEU第102 (a)条重新使用剥削性滥用的时候,对使用这些尚未探索的滥用来禁止过度收集数据进行调查似乎是必要的。考虑到网络广告是平台运营的零价格经济的财务肺,我们将从网络广告的角度来解决第三方数据处理的竞争问题。因此,我们将分析广告市场的功能,它们如何与面向消费者的市场在数据提取方面相互作用,以及这种相互作用可能产生的竞争问题。在制定框架的过程中,我们将详细分析德国竞争管理局(GCA)对Facebook的决定,该决定制裁了Facebook滥用其广泛的数据收集政策的主导地位。考虑到这一尝试的成功和缺陷,我们将提出一个分析框架,用于根据欧洲竞争法和第102 (a)条TFEU进行第三方数据收集,特别是考虑到平台广告方面的排他效应。广告市场,Facebook案,滥用支配地位(剥削),滥用支配地位(排他性),第三方数据收集,不公平交易条件,GDPR,因果关系,伤害理论,DMA
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引用次数: 1
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World Competition
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