Thursday, May 21, 2009
Posted by D. Daniel Sokol
Oliver Budzinski, University of Southern Denmark - Department of Environmental and Business Economics explains Multilevel Governance, Lead Jurisdiction Concepts and Global Competition.
ABSTRACT: This paper discusses the prospects and limits of combining the governance principles of multilevel governance and lead jurisdictions models for international antitrust. In doing so, it targets to contribute bridging a gap in the current world economic order, i.e. the lack of supranational governance of private international restrictions to market competition. Competition policy on the global level restricts itself to the selection and appointment of appropriate lead jurisdictions for concrete cross-border antitrust cases, while the substantive treatment remains within the competence of the existing national antitrust regimes. Further research about lead jurisdictions as an innovative mode of global governance is advocated.