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Regulation By Declaration: A Novel Method To Limit Abuse Of Market Power, Michal Gal
Regulation By Declaration: A Novel Method To Limit Abuse Of Market Power, Michal Gal
Michal Gal
In most jurisdictions the legal inquiry into whether a firm enjoys a monopoly position is an integral part of an inquiry into whether a firm has abused its market power, and a positive answer to the first is a precondition for conducting the second. This combination creates some inefficiencies. Most notably, market participants, including the would-be monopolist, are uncertain of the monopolist's market position until its conduct is challenged before the courts. This paper explores a novel regulatory mechanism which seeks to separate the two stages of inquiry and to empower the antitrust authorities to declare a firm a monopoly …
What Is An Agreement? (In Hebrew), Michal Gal