81 of the 111 countries had adopted their competition laws in the past 20 years, signaling the spread of competition law following the collapse of the Soviet Union and the expansion of the European Union. To learn more, visit our Cookies page. [97] A further problem of collective dominance, or oligopoly through "economic links"[98] can arise, whereby the new market becomes more conducive to collusion. A simple neo-classical model of free markets holds that production and distribution of goods and services in competitive free markets maximizes social welfare. At the same time industrialisation replaced the individual artisan, or group of artisans, with paid labourers and machine-based production. [88], According to The World Bank's "Republic of Armenia Accumulation, Competition, and Connectivity Global Competition" report which was published in 2013, the Global Competitiveness Index suggests that Armenia ranks lowest among ECA (Europe and Central Asia) countries in the effectiveness of anti-monopoly policy and the intensity of competition. A primary concern of this act is that competitive markets themselves should provide the primary regulation of prices, outputs, interests and profits. [44] Today, all ten member states have general competition legislation in place. June 2017 Question Paper December 2017 Question Papers ... VI International Law Moot Court Competition to be held on 16th and 17th March 2019 ; ADDRESS . Harrington, Joseph E. (2008). The competition laws in India have been framed in such a way to ensure sustainable development of the market as well as the whole economy of the country. [67] One view of the Chicago school approach to antitrust is found in United States Circuit Court of Appeals Judge Richard Posner's books Antitrust Law[68] and Economic Analysis of Law. While it is incapable of enforcement itself, the newly established International Competition Network[56] (ICN) is a way for national authorities to coordinate their own enforcement activities. In recent decades, competition law has been viewed as a way to provide better public services. This page was processed by aws-apollo5 in 0.156 seconds, Using the URL or DOI link below will ensure access to this page indefinitely. LEGAL EDUCATION AND RESEARCH METHODOLOGY, LAW OF CONTRACTUAL TRANSACTIONS, LAW AND SOCIAL TRANSFORMATION, INTERNATIONAL AND REGIONAL PERSPECTIVE OF HUMAN RIGHTS, NATIONAL INSTITUTIONS AND HUMAN RIGHTS, LAW OF BANKING, GENERAL PRINCIPLES OF CRIMINAL LAW, COMPARATIVE STUDY OF SPECIFIC CRIMES, LL.M [ Semester : 1 ] - Final Term - 2008, INDIAN CONSTITUTIONAL LAW: THE NEW CHALLENGES, JUDICIAL PROCESS, LAW OF CORPORATE GOVERNANCE, CORPORATE FINANCE, INDIAN CONSTITUTIONAL PROSPECTIVE OF HUMAN RIGHTS, HUMAN RIGHTS EDUCATION AND AWARENESS, PRINCIPLES OF INTERNATIONAL CRIMINAL LAW, EMERGING AREAS OF CRIMINALITY, LL.M [ Semester : 2 ] - Final Term - 2008.
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