Institutional Design and Decision-Making in the Competition and Markets Authority
Alex Chisholm, David Currie, Tim Jarvis, Sep 11, 2014
In this article, we set out how the reforms to the U.K. competition regime and the creation of the CMA will enable us to deliver “marked improvements” and meet the expectations on us to enhance the rigor of decision-making and to make more decisions, more quickly, with no attendant drop in quality. We look at institutional design and the governance structures within which decisions are made in the new agency. We describe how they build on what existed before and accommodate the pre-existing features of the U.K. system which have been carried forward into the new agency; and how we have taken the opportunity to enhance the rigor and transparency of decision-making, further developing reforms started under the previous regime. We examine the different types of decisions that will be made by the CMA and how the decision-making processes have been designed to ensure that robust, transparent, and timely decisions become synonymous with the new U.K. system. In doing so, we also touch on issues that, while not new, are nevertheless crystallized in the process of institutional reform: What is meant by independence of decision-making? How is the relationship between the agency and its government sponsors managed?
Links to Full Content
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI