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Competition and the State$
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D. Daniel Sokol, Thomas K. Cheng, and Ioannis Lianos

Print publication date: 2014

Print ISBN-13: 9780804789394

Published to Stanford Scholarship Online: September 2014

DOI: 10.11126/stanford/9780804789394.001.0001

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State-Owned Enterprises versus the State

State-Owned Enterprises versus the State

Lessons from Trade Law

Chapter:
(p.74) (p.75) Chapter 4 State-Owned Enterprises versus the State
Source:
Competition and the State
Author(s):

Wentong Zheng

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804789394.003.0005

The state plays important roles in affecting conditions of competition in the marketplace. The state is, first and foremost, the regulator of the market and, through exercising its regulatory power, may either promote or lessen competition in the market. The state may also affect competition by directly participating in the market—for example, by producing goods or services through “public enterprises” or “state-owned enterprises” (SOEs). This chapter discusses the application of antitrust law to SOEs and the special challenges posed by the rise of “state capitalism” to the determination of whether SOEs are separate economic entities.

Keywords:   SOEs, antitrust, international trade, state capitalism

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