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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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PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 17 October 2019

Antitrust Enforcement and Regulation

Antitrust Enforcement and Regulation

Different Standards but Incentive Coherent?

Chapter:
(p.108) Chapter 6 Antitrust Enforcement and Regulation
Source:
Competition and the State
Author(s):

Alberto Heimler

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804789394.003.0007

This chapter examines the major difference between the approach adopted for economic regulation and that followed in antitrust enforcement. Regulation identifies a specific course of action for firms (i.e., regulation instructs firms on what to do), while antitrust firms are informed about what is prohibited (i.e., antitrust tells firms what not to do). Antitrust, by not obligating firms to a given action, is by definition more market and innovation friendly: antitrust allows firms to freely choose within a very wide set of possible actions

Keywords:   antitrust, public utilities regulation, FRAND, trade policy

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