Wednesday, January 2, 2013
Posted by D. Daniel Sokol
William E. Kovacic, George Washington University - Law School and David A. Hyman, University of Illinois College of Law ask Competition Agency Design: What's on the Menu?
ABSTRACT: In recent years the United Kingdom and various other countries have decided to restructure the institutions responsible for enforcing competition laws. How should a nation choose among myriad alternative arrangements? This paper lays out nine major institutional choices that governments must address in designing the implementation mechanism for a competition law. The paper discusses tradeoffs associated with each choice and examines interdependencies among different design elements. In doing so, the paper offers a structured framework that countries can use in forming new competition systems or altering existing institutional arrangements.