Tuesday, July 19, 2011
Posted by D. Daniel Sokol
Robert H. Lande, University of Baltimore - School of Law, Neil W. Averitt, Federal Trade Commission and Paul Nihoul, Catholic University of Louvain (UCL) suggest 'Consumer Choice' is Where We are All Going - So Let’s Go Together.
ABSTRACT: Globalisation of business makes it important for firms to predict how their behaviour is likely to be treated in the roughly 200 nations that have competition laws. In that context, a crucial question is: are we in a position to develop a common intellectual framework that would give coherence to policy statements made on specific competition related issues and, at the same time, be acceptable, broadly, in a variety of legal systems, not necessarily based on identical assumptions? We believe that the answer is “yes.” A concept is emerging as a possible source of unification for competition policies around the globe: the concept of “consumer choice.”