Competition law
Competition law: rules and regulations, also known as antitrust laws, to foster the competitive environment in an economy, partly through the more efficient allocation of resources. The competition laws of most countries deal with four main groups of behaviour by firms: (a) horizontal arrangements (mainly arrangements between firms to maintain and control prices), (b) vertical arrangements (can include exclusive dealing, resale price maintenance, geographical limitations on activities and tied dealing), (c) misuse of market power by monopolies and large firms, (d) and control of mergers and acquisitions to ensure that they do not impair competitive overall conditions in the market. Measures dealing with horizontal and vertical restraints as well as the enforcement of laws concerning them are sometimes called conduct policies. Those dealing with mergers may be known as structural policies. Rules covering these matters are sometimes described as narrow competition policy. Many say that four variables affect the relative strength or weakness of competition laws: (a) scope of application to governmental entities and to government-encouraged or sanctioned conduct of state enterprises and private firms, (b) substantive rules governing specific business practices and arrangements, (c) scope of sectoral coverage and (d) enforcement.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
If you are the author of the text above and you not agree to share your knowledge for teaching, research, scholarship (for fair use as indicated in the United States copyrigh low) please send us an e-mail and we will remove your text quickly. Fair use is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work. In United States copyright law, fair use is a doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders. Examples of fair use include commentary, search engines, criticism, news reporting, research, teaching, library archiving and scholarship. It provides for the legal, unlicensed citation or incorporation of copyrighted material in another author's work under a four-factor balancing test. (source: http://en.wikipedia.org/wiki/Fair_use)
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
The following texts are the property of their respective authors and we thank them for giving us the opportunity to share for free to students, teachers and users of the Web their texts will used only for illustrative educational and scientific purposes only.
All the information in our site are given for nonprofit educational purposes
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
www.riassuntini.com