Competition and Entry: Do Entrants Deserve Special Protection in India and Other Emerging Economies?
Posted by Social Science Research Network
Competition and Entry: Do Entrants Deserve Special Protection in India and Other Emerging Economies?
By D. Daniel Sokol (University of Florida) & Jan Peter van der Veer (RBB Economics)
Abstract: We discuss the question whether competition policy should provide entrants with special protection in the Indian competition law context. Under an effects based approach, competition enforcement should to protect consumers rather than the interests of individual competitors. Entrants deserve special protection only in recently liberalized markets characterized by the presence of a former state monopoly or a current SOE that display specific characteristics such as natural monopoly. Barring such highly specific circumstances, promoting competitors over consumers hurts consumer welfare and innovation. India’s Competition Act is an essential tool for policymakers to promote a transition to greater country competitiveness, innovation, and economic prosperity for India. To achieve these objectives, CCI must implement the Competition Act in a manner that promotes consumers over competitors, and minimizes the distortions of industrial policies instead of amplifying them.
Featured News
Artificial Intelligence Threatens Global Job Market, Warns IMF Chief
May 14, 2024 by
CPI
Judge Dismisses Antitrust Suit Against Welsh Carson Anderson & Stowe, Private Equity Sighs in Relief
May 14, 2024 by
CPI
Antitrust Lawsuit Targets RTX’s Pratt & Whitney Canada
May 14, 2024 by
CPI
Former Sales Pro Admits to Bid Rigging Targeting US Schools
May 13, 2024 by
CPI
Macron Advocates EU Financial Integration Amid Push for Global Competitiveness
May 13, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI