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Lead jurisdiction concepts: Towards rationalizing multiple competition policy enforcement procedures

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  • Budzinski, Oliver

Abstract

Lead jurisdiction models represent one option how to extend and enhance contemporary interagency cooperation among competition policy regimes. They constitute a multilateral, case-related form of cooperation that is suited to effectively create a one-stop-shop for the prosecution of international cartels, the handling of cross-border mergers and acquisitions and the governance of international antitrust cases. Thus, lead jurisdiction models offer considerable economic benefits. However, they also entail several caveats. Three possible working problems and downside effects of lead jurisdiction models in international competition policy enforcement are discussed in this paper.

Suggested Citation

  • Budzinski, Oliver, 2014. "Lead jurisdiction concepts: Towards rationalizing multiple competition policy enforcement procedures," Ilmenau Economics Discussion Papers 87, Ilmenau University of Technology, Institute of Economics.
    • Handle: RePEc:zbw:tuiedp:87
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    References listed on IDEAS

    as
    1. Barros, Pedro P. & Cabral, Luis, 1994. "Merger policy in open economies," European Economic Review, Elsevier, vol. 38(5), pages 1041-1055, May.
    2. Budzinski, Oliver, 2012. "International antitrust institutions," Ilmenau Economics Discussion Papers 72, Ilmenau University of Technology, Institute of Economics.
    3. Oliver Budzinski, 2004. "The International Competition Network as an International Merger Control Institution," Chapters, in: John-ren Chen (ed.), International Institutions and Multinational Enterprises, chapter 4, Edward Elgar Publishing.
    4. Oliver Budzinski, 2008. "Monoculture versus diversity in competition economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(2), pages 295-324, March.
    5. Oliver Budzinski, 2009. "An international multilevel competition policy system," International Economics and Economic Policy, Springer, vol. 6(4), pages 367-389, December.
    6. Gopinath, G. & Helpman, . & Rogoff, K. (ed.), 2014. "Handbook of International Economics," Handbook of International Economics, Elsevier, edition 1, volume 4, number 4.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international competition policy; lead jurisdiction models; international governance; interjurisdictional cooperation; interagency cooperation; competition economics; antitrust;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact

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