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Book Synopsis Regulatory Competition and Economic Integration by : Daniel C. Esty
Download or read book Regulatory Competition and Economic Integration written by Daniel C. Esty and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Competition Law and Regional Economic Integration by : Damien Geradin
Download or read book Competition Law and Regional Economic Integration written by Damien Geradin and published by World Bank Publications. This book was released on 2004 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regulatory Competition and Economic Integration Within the Eurasian Economic Union by : Aleksandra Klofat
Download or read book Regulatory Competition and Economic Integration Within the Eurasian Economic Union written by Aleksandra Klofat and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
'This wonderful volume offers a timely and important look at competition policy where it is changing the most – developing countries pursuing regional agreements. It provides superb analytical discussions of the impact of regional competition policy integration, why developing states have pursued this strategy, and the extent to which it is meeting their needs. the editors have assembled a superb roster of experts, so it is not a surprise that the book recommendations are insightful, and deserving of attention from policy makers.' – Andrew Guzman, Berkeley Law School, US This book presents a detailed study of the interface between regional integration and competition policies of selected regional trade agreements (RTAs), and the potential of regional competition laws to help developing countries achieve their development goals. the book provides insights on the regional integration experiences in developing countries, their potential for development and the role of competition law and policy in the process. Moreover, the book emphasizes the development dimension both of regional competition policies and of competition law. This timely book delivers concrete proposals that will help to unleash the potential of regional integration and regional competition policies, and also help developing countries to fully enjoy the benefits deriving from a regional market. Bringing together analysis from well-known scholars in the developed world with practical insight from scholars in countries hoping to exploit the potential of competition law, this book will appeal to academics working in the field of competition law, practitioners, policy makers and officials from developing countries, as well as those in development organizations such as UNCTAD.
Book Synopsis Competition Policy and Regional Integration in Developing Countries by : Josef Drexl
Download or read book Competition Policy and Regional Integration in Developing Countries written by Josef Drexl and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This wonderful volume offers a timely and important look at competition policy where it is changing the most – developing countries pursuing regional agreements. It provides superb analytical discussions of the impact of regional competition policy integration, why developing states have pursued this strategy, and the extent to which it is meeting their needs. the editors have assembled a superb roster of experts, so it is not a surprise that the book recommendations are insightful, and deserving of attention from policy makers.' – Andrew Guzman, Berkeley Law School, US This book presents a detailed study of the interface between regional integration and competition policies of selected regional trade agreements (RTAs), and the potential of regional competition laws to help developing countries achieve their development goals. the book provides insights on the regional integration experiences in developing countries, their potential for development and the role of competition law and policy in the process. Moreover, the book emphasizes the development dimension both of regional competition policies and of competition law. This timely book delivers concrete proposals that will help to unleash the potential of regional integration and regional competition policies, and also help developing countries to fully enjoy the benefits deriving from a regional market. Bringing together analysis from well-known scholars in the developed world with practical insight from scholars in countries hoping to exploit the potential of competition law, this book will appeal to academics working in the field of competition law, practitioners, policy makers and officials from developing countries, as well as those in development organizations such as UNCTAD.
Regulatory competition is increasingly becoming the dominant argument on regulatory structure in both the debate on federalism in the United States and that on subsidiarity in the European Union. The argument, briefly put, is that regulatory competition might produce efficiency benefits that justify yielding federal or harmonized regulation in favor of decentralizing governance. The present direction in this debate is to identify in which contexts and under what circumstances these efficiency benefits are likely. This paper intends to contribute to this debate by analyzing the proposition that regulatory competition can be understood as an argument of regulatory structure modeled on the principles of market order. The purpose of this paper is to clarify but ultimately to challenge the wisdom of this intriguing argument. Regulatory competition is an intriguing and sophisticated argument which, as it deals with interpreting the complex dynamic between political and economic integration, deserves to be spelled out in full and with considerable care. The persuasive force of regulatory competition as an academic proposition however lies in the double efficiency argument hidden in it. Regulatory competition can be and is most often understood as a macro-argument for federal governance structures in that these allow for extrinsic efficiency benefits in the form of experimentation and innovation at a broad scale (economies of scope). But regulatory competition can also be framed as a force for improving the intrinsic efficiency of regulations by allowing actors to structure their need for economic coordination to their own liking, thus incorporating the preferences of consumers into the structure of regulation (a micro argument). The debate in the US after several critiques which expressed frustration at the broadness and inexactness of the initial macro arguments has steadily moved on to focus on the micro argument which attempts to detail the instances and conditions under which regulatory competition might indeed work to improve the intrinsic efficiency of regulation. Regulatory competition, to the extent that actors internalize the costs of their decision, has come to be viewed as a largely untapped mechanism for improving the efficiency of rules in a potentially wide range of legal domains. The European debate appreciates regulatory competition in light of the common market and the effort to reduce regulatory trade barriers. Regulatory competition is treated here under the nomers of standortwettbewerb, competition among rules, institutional competition or competition over organizational arrangements. Regulatory competition is argued essentially in its macro form: Negative integration leads to economic flows of mobility unleashing arbitrage over regulatory policies. The room left for this type of arbitrage by existing harmonization measures is the topic of continuing discussion among commission officials, political scientists and economists. Generally, the European Commission perceives regulatory differences to be undesirable as it will interfere with the common market or result in-what is seen as-unfair competition. Hence, the Commission has embarked upon harmonization commonly without reference to the scale of economic arbitrage to be expected. We may observe this from Commission efforts in fields as disparate as taxation (where economic arbitrage is very much prevalent) and social or environmental regulation (where economic arbitrage is much less strong). It seems that regulatory competition plays a role only in so far as it allows the Commission to construct it as a credible threat to the ability of individual member state governments to pursue national policies unilaterally. The political use of the regulatory competition argument in this way seems to favor cooperation rather than competition. Political scientists explain regulatory competition as a game in which national regulators are interested in bringing forward national policy approaches at the EU level which minimize the degree of institutional adaptation to European legislation and possibly confers a competitive advantage to domestic producers. Economists construct regulatory competition as an allocative efficiency argument made possible by the existence of different centers of rule-production in Europe. To the extent that rules or regulations have economic implications inducing arbitrage or the threat of arbitrage, competition among rules is seen to correlate with the-perceived-number of exit options offered by the internal market. Normative welfare economics and the Tiebout model suggests that legal heterogeneity may create regulatory arbitrage as a result of the normal arbitrage occurring in the markets, thus hitching regulatory competition on the process of market competition and producing additional avenues for improving regulatory efficiency. To be sure, regulatory arbitrage is limited by progressively increasing opportunity costs that would limit the scope of such arbitrage (consumers would move until the erosion of the tax base would threaten the possibility of providing the desired public goods). In addition, externalities limit the case for allocative efficiency of regulatory heterogeneity further and justify efforts for positive integration at a higher political level that can internalize the costs of negative externalities. This essay aims to analyze the positive and normative claims put forward by regulatory competition theorists on both sides of the Atlantic. It is structured as follows. Part II starts with an account of the Tiebout model-generally considered to be the analytical backbone of regulatory competition arguments. It preludes the discussion on regulatory competition by developing a caveat on the Tiebout hypothesis of voting with feet focusing on the inadequate conception of politics within the model. Part III discusses regulatory competition in its macro form and uses the European debate on regulatory competition to elucidate factual mechanisms of arbitrage which are supposed to underpin the competitive process. Regulatory competition in this context is seen as embedded within institutional efforts toward economic integration and mutual recognition. This portion of the essay examines the internal logic of the argument and argues that even if regulatory competition were to operate as conceived, the factual mechanisms of economic arbitrage in a regulatory market do not justify the application of normative welfare economics to demonstrate an invisible hand in the market for regulations. Part IV develops an external critique focussing on the behavorial assumptions (derived from economic theory) that structure regulatory competition theory. It argues for relaxing these assumptions and working toward a more credible and richer set of hypotheses about regulatory behavior. It discusses regulatory competition in its micro form and examines the conditions structuring the problematic proposition that regulatory competition ipso facto is a force that can attribute to intrinsic regulatory efficiency. Part V attempts to formulate the case of regulatory competition from the perspective of post-international politics. Part VI finally recapitulates the theoretical argument made so far and develops some of its positive and normative implications. The article concludes by outlining a new investigative orientation to the problem of regulatory exit and by demonstrating some ramifications of the argument for policy purposes.
Book Synopsis Breaking the Spell of Regulatory Competition by : Henri I.T Tjiong
Download or read book Breaking the Spell of Regulatory Competition written by Henri I.T Tjiong and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulatory competition is increasingly becoming the dominant argument on regulatory structure in both the debate on federalism in the United States and that on subsidiarity in the European Union. The argument, briefly put, is that regulatory competition might produce efficiency benefits that justify yielding federal or harmonized regulation in favor of decentralizing governance. The present direction in this debate is to identify in which contexts and under what circumstances these efficiency benefits are likely. This paper intends to contribute to this debate by analyzing the proposition that regulatory competition can be understood as an argument of regulatory structure modeled on the principles of market order. The purpose of this paper is to clarify but ultimately to challenge the wisdom of this intriguing argument. Regulatory competition is an intriguing and sophisticated argument which, as it deals with interpreting the complex dynamic between political and economic integration, deserves to be spelled out in full and with considerable care. The persuasive force of regulatory competition as an academic proposition however lies in the double efficiency argument hidden in it. Regulatory competition can be and is most often understood as a macro-argument for federal governance structures in that these allow for extrinsic efficiency benefits in the form of experimentation and innovation at a broad scale (economies of scope). But regulatory competition can also be framed as a force for improving the intrinsic efficiency of regulations by allowing actors to structure their need for economic coordination to their own liking, thus incorporating the preferences of consumers into the structure of regulation (a micro argument). The debate in the US after several critiques which expressed frustration at the broadness and inexactness of the initial macro arguments has steadily moved on to focus on the micro argument which attempts to detail the instances and conditions under which regulatory competition might indeed work to improve the intrinsic efficiency of regulation. Regulatory competition, to the extent that actors internalize the costs of their decision, has come to be viewed as a largely untapped mechanism for improving the efficiency of rules in a potentially wide range of legal domains. The European debate appreciates regulatory competition in light of the common market and the effort to reduce regulatory trade barriers. Regulatory competition is treated here under the nomers of standortwettbewerb, competition among rules, institutional competition or competition over organizational arrangements. Regulatory competition is argued essentially in its macro form: Negative integration leads to economic flows of mobility unleashing arbitrage over regulatory policies. The room left for this type of arbitrage by existing harmonization measures is the topic of continuing discussion among commission officials, political scientists and economists. Generally, the European Commission perceives regulatory differences to be undesirable as it will interfere with the common market or result in-what is seen as-unfair competition. Hence, the Commission has embarked upon harmonization commonly without reference to the scale of economic arbitrage to be expected. We may observe this from Commission efforts in fields as disparate as taxation (where economic arbitrage is very much prevalent) and social or environmental regulation (where economic arbitrage is much less strong). It seems that regulatory competition plays a role only in so far as it allows the Commission to construct it as a credible threat to the ability of individual member state governments to pursue national policies unilaterally. The political use of the regulatory competition argument in this way seems to favor cooperation rather than competition. Political scientists explain regulatory competition as a game in which national regulators are interested in bringing forward national policy approaches at the EU level which minimize the degree of institutional adaptation to European legislation and possibly confers a competitive advantage to domestic producers. Economists construct regulatory competition as an allocative efficiency argument made possible by the existence of different centers of rule-production in Europe. To the extent that rules or regulations have economic implications inducing arbitrage or the threat of arbitrage, competition among rules is seen to correlate with the-perceived-number of exit options offered by the internal market. Normative welfare economics and the Tiebout model suggests that legal heterogeneity may create regulatory arbitrage as a result of the normal arbitrage occurring in the markets, thus hitching regulatory competition on the process of market competition and producing additional avenues for improving regulatory efficiency. To be sure, regulatory arbitrage is limited by progressively increasing opportunity costs that would limit the scope of such arbitrage (consumers would move until the erosion of the tax base would threaten the possibility of providing the desired public goods). In addition, externalities limit the case for allocative efficiency of regulatory heterogeneity further and justify efforts for positive integration at a higher political level that can internalize the costs of negative externalities. This essay aims to analyze the positive and normative claims put forward by regulatory competition theorists on both sides of the Atlantic. It is structured as follows. Part II starts with an account of the Tiebout model-generally considered to be the analytical backbone of regulatory competition arguments. It preludes the discussion on regulatory competition by developing a caveat on the Tiebout hypothesis of voting with feet focusing on the inadequate conception of politics within the model. Part III discusses regulatory competition in its macro form and uses the European debate on regulatory competition to elucidate factual mechanisms of arbitrage which are supposed to underpin the competitive process. Regulatory competition in this context is seen as embedded within institutional efforts toward economic integration and mutual recognition. This portion of the essay examines the internal logic of the argument and argues that even if regulatory competition were to operate as conceived, the factual mechanisms of economic arbitrage in a regulatory market do not justify the application of normative welfare economics to demonstrate an invisible hand in the market for regulations. Part IV develops an external critique focussing on the behavorial assumptions (derived from economic theory) that structure regulatory competition theory. It argues for relaxing these assumptions and working toward a more credible and richer set of hypotheses about regulatory behavior. It discusses regulatory competition in its micro form and examines the conditions structuring the problematic proposition that regulatory competition ipso facto is a force that can attribute to intrinsic regulatory efficiency. Part V attempts to formulate the case of regulatory competition from the perspective of post-international politics. Part VI finally recapitulates the theoretical argument made so far and develops some of its positive and normative implications. The article concludes by outlining a new investigative orientation to the problem of regulatory exit and by demonstrating some ramifications of the argument for policy purposes.
Dealing with the interface between competition law and economic integration in the context of the Euro-Mediterranean partnership, this study maps out key policy issues that should be addressed for successfully implementing or strengthening competition law regimes in Mediterranean Partner countries. This regional study is prepared by the joint World Bank-European Commission Programme on Private Participation in Mediterranean Infrastructure (PPMI).
Book Synopsis Competition Law and Regional Economic Integration by : Damien Geradin
Download or read book Competition Law and Regional Economic Integration written by Damien Geradin and published by World Bank Publications. This book was released on 2004 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dealing with the interface between competition law and economic integration in the context of the Euro-Mediterranean partnership, this study maps out key policy issues that should be addressed for successfully implementing or strengthening competition law regimes in Mediterranean Partner countries. This regional study is prepared by the joint World Bank-European Commission Programme on Private Participation in Mediterranean Infrastructure (PPMI).
This book investigates under which circumstances vertical unbundling can lead to a more efficient market result. The assessment is based on an interdisciplinary approach combining law and economics. Drawing on the assessment, circumstances are subsequently presented under which unbundling might become necessary. Additionally, less severe means of regulatory intervention are suggested in order to protect competition. Given its scope, the book is chiefly intended for scholars and practitioners in the field of economic policy and regulation law; in addition, it will give interested members of the public a unique opportunity to learn about the underlying rationales of regulation law and regulation economics.
Book Synopsis Vertical Integration and Regulation by : Christoph Kleineberg
Download or read book Vertical Integration and Regulation written by Christoph Kleineberg and published by Springer. This book was released on 2019-01-17 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates under which circumstances vertical unbundling can lead to a more efficient market result. The assessment is based on an interdisciplinary approach combining law and economics. Drawing on the assessment, circumstances are subsequently presented under which unbundling might become necessary. Additionally, less severe means of regulatory intervention are suggested in order to protect competition. Given its scope, the book is chiefly intended for scholars and practitioners in the field of economic policy and regulation law; in addition, it will give interested members of the public a unique opportunity to learn about the underlying rationales of regulation law and regulation economics.
Using case studies from the US, Canada, Germany and Switzerland as well as the European Union and the global economy, this is the first book of its kind to examine historical evidence on how competition among states or the lack of it affects regulation, especially labour market regulation.
Book Synopsis Political Competition and Economic Regulation by : Peter Bernholz
Download or read book Political Competition and Economic Regulation written by Peter Bernholz and published by Routledge. This book was released on 2007-06-07 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using case studies from the US, Canada, Germany and Switzerland as well as the European Union and the global economy, this is the first book of its kind to examine historical evidence on how competition among states or the lack of it affects regulation, especially labour market regulation.
This study analyses regulatory competition in connection with economic integration on a new empirical example of the Eurasian Economic Union. It explores a large dataset of limited liability partnerships (LLPs) incorporated in Kazakhstan between the years 2006 and 2013. The aim is to verify whether the economic integration within the Eurasian Customs Union (CU) led to similar incorporation behaviour of companies as was the case within the European Union after the Centros ruling of the European Court of Justice. Evidence based on the Kazakh dataset shows that there has been a strong increase in the registration numbers of Russian LLPs in Kazakhstan after the foundation of the CU. The study also elaborates on Russia's adjustment of its business environment following the foundation of CU.
Book Synopsis Regulatory Competition and Corporate Mobility Within the Eurasian Economic Union by : Aleksandra Klofat
Download or read book Regulatory Competition and Corporate Mobility Within the Eurasian Economic Union written by Aleksandra Klofat and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyses regulatory competition in connection with economic integration on a new empirical example of the Eurasian Economic Union. It explores a large dataset of limited liability partnerships (LLPs) incorporated in Kazakhstan between the years 2006 and 2013. The aim is to verify whether the economic integration within the Eurasian Customs Union (CU) led to similar incorporation behaviour of companies as was the case within the European Union after the Centros ruling of the European Court of Justice. Evidence based on the Kazakh dataset shows that there has been a strong increase in the registration numbers of Russian LLPs in Kazakhstan after the foundation of the CU. The study also elaborates on Russia's adjustment of its business environment following the foundation of CU.
In order to understand international economic regulations, it is essential to understand the variation in competing corporations' interests. This book aims to fill existing voids with a company-based explanation. Its theoretical findings open a 'black box' in the literature.
Book Synopsis The Structure of Regulatory Competition by : Dale D. Murphy
Download or read book The Structure of Regulatory Competition written by Dale D. Murphy and published by Oxford University Press, USA. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to understand international economic regulations, it is essential to understand the variation in competing corporations' interests. This book aims to fill existing voids with a company-based explanation. Its theoretical findings open a 'black box' in the literature.