ZWeR 2003, 411
Towards a Differentiated Analysis of Competition of Competition Laws***
Can “competition of competition laws” be a feasible concept that should play an important role in an international order for the worldwide protection of competition? The authors will introduce four different types of regulatory competition that allow for a more differentiated analysis of beneficial and deficient effects of competition of competition laws. Their analysis shows that most types of regulatory competition have a rather limited scope for application to competition laws. However, yardstick competition can be very promising and represents a powerful argument against centralisation. An important result of the authors' analysis is that the institutional framework of any competition of competition laws plays a crucial role for its workability.
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- *)Prof., Dr. rer. pol., Chair of Economic Policy, Department of Economics, Philipps-University of Marburg
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- **)Dr. rer. pol., senior research fellow (funded by Volkswagen Foundation), Department of Economics, Philipps-University of Marburg
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- ***)We are grateful to the American Enterprise Institute (AEI) for financial support. This paper is based on a presentation at the AEI Conference on “The New Antitrust Paradox: Policy Proliferation in the Global Economy”. A shorter version is published in the conference volume (Epstein/Greve, The New Antitrust Paradox: Policy Proliferation in the Global Economy, 2003, forthcoming). We thank Richard Epstein, Michael S. Greve, Klaus Heine, and the participants of the AEI conference for helpful comments on earlier drafts of this paper and Barbara Majireck and Thomas Augsten for editorial assistance. Remaining errors are our responsibility.
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