Erschienen: 30.04.2009 Abbildung von De Leon | An Institutional Assessment of Antitrust Policy | 2009

De Leon

An Institutional Assessment of Antitrust Policy

The Latin American Experience

lieferbar, ca. 4 Wochen

202,30 €

inkl. Mwst.

2009. Buch. 684 S. Hardcover

Kluwer Law International. ISBN 9789041124784

In englischer Sprache

Das Werk ist Teil der Reihe: International Competition Law Series


Antitrust policy nominally plays an instrumental public interest role.
The generally accepted notion is that it is a government instrument designed
to intervene in relatively unregulated markets in order to preserve rivalry
among independent buyers and sellers. Competition authorities are supposed to
restrain business conduct that exercises monopoly power aimed at excluding
competitors or exploiting consumers and clients. Thus it can be said –
although few pro-market theorists make the insight explicit – that antitrust
provisions reveal mistrust of the capacity of markets to promote social
welfare. The inner logic, enforcement mechanisms, and practical outcomes of
antitrust provisions are all intrinsically contradictory to the natural
dynamic course of market functioning.

In Dr. De Leon’s challenging thesis, this mistrust of the market
lies at the root of antitrust policy, giving rise always to a preference
towards ‘predicting’ the result of impersonal market forces rather than
interpreting the entrepreneurial behaviour which creates those forces. And it
is in Latin America that he finds the powerful evidence he needs to support
his case. From the formative years of Latin American economic institutions,
during the Spanish Empire, economic regulations – far from being driven by the
pursuit of promoting free trade and economic freedom – have been conceived,
enacted and implemented in the context of deeply anti-market public policies,
trade mercantilism and government dirigisme. The so-called “neoliberal”
revolution of the 1990s triggered by the Washington Consensus did not really
change the interventionist innuendo of these policies, but merely restated the
social welfare goal to be achieved: the pursuit of economic efficiency. Dr.
De Leon
presents his case against the assumption that consumer welfare
orientated policies such as antitrust do really promote entrepreneurship and
market goals. Paradoxically, antitrust enforcement has undermined the
transparency of market institutions, in the name of promoting market

The author’s provocative analysis marshals several sets of facts in support of
his thesis, including the actual functioning of antitrust policy as reflected
in case law in various Latin American countries, the preference of merger
control over other less intrusive forms of market surveillance, the
constrained role of competition advocacy against government acts, and the
ineffective institutional structure created to apply the policy. Among the
many specific topics treated are the following:


  • government immunity;

  • strategic industries;

  • state-owned enterprises;

  • politically influential groups;

  • measurement of market concentration;

  • the burden of proof of social welfare benefits;

  • the role of joint trade associations and professional guilds;

  • institutional arrangements that favour collusion;

  • selective distribution;

  • sector regulation;

  • erosion of property rights;

  • marginal role of courts in the antitrust system;

  • leniency programs; and

  • privatized public utilities.

The growing significance of Latin America in the context of economic
globalization endows this book with huge international interest. Written by a
leading authority on the topic, this is the first book that presents a
detailed description of Latin American antitrust law and policy as it has been
developed through numerous judicial opinions. A wide variety of audiences
around the world will find it of extraordinary value: competition law
specialists, scholars and students of the subject, policymakers and
politicians in Latin America, as well as all interested lawyers, jurists, and


Die 8. Auflage ist wieder auf sechs Bände angelegt. Darin finden sich übersichtlich und in systematischer Gliederung Vertragsmuster aus der Feder erfahrener Experten. Jedem dieser Muster folgen Anmerkungen, mit denen der dem Vertragsentwurf zu Grunde liegende Sachverhalt und die Gründe für die Wahl des spezifischen Formulars erläutert werden.


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