Preview

Effective Enforcement Of Antitrust Laws

Good Essays
Open Document
Open Document
562 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Effective Enforcement Of Antitrust Laws
Effective enforcement of the antitrust laws in order to eliminate restrictions on competition is the prime objective for every competition authority. Our focus is continuously on the most serious violations, such as horizontal agreements and concerted practices between competitors. The harm done to consumers and society of such activities is undisputable which need to be curbed.
There has been a lot of debate on the merits of criminalization over the last years, but there is no clear consensus. Criminalization can only be effective if the legislation creating criminal offences is adequately enforced. For that purpose, a number of criteria regarding criminalization are essential, such as:
- The need for adequate investigative powers,
- Well
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Monopolies: The Sherman Antitrust Act
    • 73 Words
    • 1 Page

    Monopolies: The Sherman Antitrust Act

    A monopoly occurs when a company has such a large portion of the product market that it can set its own price despite the market equilibrium. Monopolies date back to Standard Oil Co. Inc. in 1870. Standard Oil Co. Inc. controlled also the entire oil market in its time and made huge profits by doing so. The Sherman Antitrust Act was put in place to combat monopolies and their power in the marketplace.…

    • 73 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Powerful Essays

    Anti-Trust Legislation & Court Cases
    • 1747 Words
    • 7 Pages

    Anti-Trust Legislation & Court Cases

    In the late nineteenth century, the United States of America saw companies flourish. Advances in technology greatly increased output and lowered costs of many goods; people were also making more money and the nation was truly prospering. Due to the booming economy, a great deal of changes occurred. Companies started to grow at a faster rate, and soon there were enormous companies that seemed to rule their individual industries. It quickly became apparent that some firms were monopolizing the industries, making prices higher and lessening the competitiveness of the market. Many companies were also fixing prices, forcing other businesses to pay ridiculous amounts since they had no other options.…

    • 1747 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    LAW421 Week 1 Assignment
    • 798 Words
    • 3 Pages

    LAW421 Week 1 Assignment

    The business world is very competitive and it never rest. “Antitrust law is a field designed to promote business competition by curbing anti-competitive behavior such as price fixing and monopolization (Hammel, 2014)”. There are anti-trust and business ethics in place for business competition and regulated as well by the government.…

    • 798 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    The Sherman Antitrust Act: A Case Study
    • 141 Words
    • 1 Page

    The Sherman Antitrust Act: A Case Study

    DiLorenzo believed the Sherman Antitrust act was “ Protectionist at its roots” (pg141). The government was using this so that incompetent businesses would be protected. According to Dilorenzo there was no proof that monopolies were hurting the country. In fact , there was a deflation during the late 19th century , prices were decreasing which would benefit consumers . The Sherman Act support came from less competitive firms that wanted to break up their more successful rivals. An example Dilorenzo gave was cotton farms. They were upset that jute was being used to cover cotton bales instead of cotton. They petition government to restrain jute farmers. Small firms had more power than the big ones, because if big firms had as much power as Yellow…

    • 141 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Anti-Trust Laws Against Monopolies
    • 840 Words
    • 4 Pages

    Anti-Trust Laws Against Monopolies

    There are 4 main pieces of legislation that are collectively known as the Anti-trust laws. They are the Sherman Antitrust Act, The Federal Trade commission Act, The Clayton Antitrust Act and the Celler-Kefauver Act. The Sherman Antitrust Act is legislation enacted to protect Americans against monopolies. It makes it illegal to make contracts or conspire to restrict trade or commerce. It also outlaws monopolies. The Federal Trade Commission Act established the Federal Trade Commission and set up how it would be run, with a group of 5 people that did not follow party lines that would be chosen for 7 years terms and would make sure no antitrust laws were being broken. The Clayton Antitrust Law closed a lot of the loopholes that the…

    • 840 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    The Pros And Cons Of Antitrust Laws
    • 401 Words
    • 2 Pages

    The Pros And Cons Of Antitrust Laws

    Progressives had beliefs such as industrialization and urbanization had created troubling social and political problems. Progressives wanted to bring about reforms that would correct what they saw as problems and injustices. The Antitrust Laws were designed to prevent and punish anti-competitive practices. Progressives complained that the Sherman Antitrust Act of 1890 was inadequate and ineffective in limiting the abuses of big businesses. The Progressives made states pass the antitrust laws to make cartels and monopolistic practices illegal and to regulate railroad rates.…

    • 401 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Antitrust and Consumer Protection Law Discussion 1
    • 3370 Words
    • 14 Pages

    Antitrust and Consumer Protection Law Discussion 1

    I believe that the banks are not acting in a responsible fashion with their solicitation of consumers for credit cards and credit card lines. As mentioned in the article, the banks are advertising "promotions of credit card and debt to increase limits" in an attempt to gather additional consumers. I think by advertising these credit cards to college and high school students, and then providing them with higher credit limits and promotions, the banks are aiming to increase the number of irresponsible spenders in today's society to make money.…

    • 3370 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    How to Fuhrer
    • 469 Words
    • 2 Pages

    How to Fuhrer

    The need for harsher sentencing in law reform may appease the needed features of punishment, but stricter penalties have not been proven to show reduced crime rates and then follows in seeking to promote social values for harsher sentancing undermining us our social value for fairness and the idea of justice to the individual…

    • 469 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Roman Punishment Changes
    • 317 Words
    • 2 Pages

    Roman Punishment Changes

    Throughout many years, many attempted to set codes and laws that they felt were for the better of the good. Keeping peace and controlling crime has always been important. But not everyone has gone down the same path. Different theories of how criminals should be punished have changed throughout times.…

    • 317 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    How Society Reflected In Criminal Law
    • 419 Words
    • 2 Pages

    How Society Reflected In Criminal Law

    The relationship between what society believes is important and worth protecting and how it is reflected in criminal law can be described in many ways. Society in general views actions such as murder, rape, robbery or even burglary as an act, evil in nature, public or of moral principles. These actions are considered to be Malum in se. Laws which are viewed as Malum prohibitum, consist of acts banned by laws such as speeding, drug use, or even prostitution. These acts are seen as regulatory infractions, more examples include, inside traders who illegally share information or avoiding tax payments. The only way for a person to be criminally prosecuted there must be proof that harm at any time was done to another.…

    • 419 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Federal Trade Commission
    • 2962 Words
    • 12 Pages

    Federal Trade Commission

    The Federal Trade Commission enforces a variety of federal antitrust and consumer protection laws. The Commission seeks to ensure that the nation's markets function competitively, and are vigorous, efficient, and free of undue restrictions. The Commission also works to enhance the smooth operation of the marketplace by eliminating acts or practices that are unfair or deceptive. In general, the Commission's efforts are directed toward stopping actions that threaten consumers' opportunities to exercise informed choice. Finally, the Commission undertakes economic analysis to support its law enforcement efforts and to contribute to the policy deliberations of the Congress, the Executive Branch, other independent agencies, and state and local governments when requested.…

    • 2962 Words
    • 12 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Criminalizing Conduct: Harm Principle Reconsidered
    • 1881 Words
    • 8 Pages

    Criminalizing Conduct: Harm Principle Reconsidered

    To criminalize a certain act is to declare that act illegal and devise sanctions in response to that act. This process of criminalizing an act is a rather extreme form of censuring whereby that particular conduct is made both unlawful and punishable. Hence, on what basis do we make the colossal leap in distinguishing what is wrong from what is right, and what should be prohibited from what should be allowed? The proceeding paragraphs, which are aimed to be exploratory and expository in nature, will seek to introduce the Harm Principle (HP), establish its superiority over the other criteria for criminalizing conduct, and ultimately expose some of the inherent weaknesses of the principle before attempting to fill these loopholes to enhance the concept of the HP so that it can be used more broadly and assuredly in the realm of criminalizing conduct.…

    • 1881 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Eu Competition Policy
    • 2406 Words
    • 10 Pages

    Eu Competition Policy

    European competition law and policy have changed significantly in recent years. With an enlarged EU of 27 member states, new rules, policies and administrative procedures have become increasingly important to ensure that this fundamental legal regime continues to promote competition and protect consumer welfare. In an attempt to define Competition policy, Massimo Motta described it as follows: “the set of policies and laws which ensure that competition in the market place is not restricted in such a way as to reduce economic welfare.”…

    • 2406 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    What are the proper objectives of competition policy?
    • 1799 Words
    • 8 Pages

    What are the proper objectives of competition policy?

    Competition policy promotes market competition by regulating anti-competitive behaviour undertaken by firms. The fundamental reason for competition policy is to allow the smooth functioning of the free market and the price mechanism, thus maximising economic welfare. As we have seen illustrated by the first theorem of welfare economics, competitive equilibrium in markets leads to Pareto efficient outcomes, at which the sum of producer surplus and consumer surplus is maximised- i.e. no firm or individual can be made better off without making somebody else worse off. This is conducive to maximising economic welfare. However, there appear to be other objectives that are taken into account by competition regulatory bodies, such as the protection of consumers, the defence of small firms, fighting inflation, and fairness. We will examine each of these objectives, taking into account whether they are consistent with the fundamental objective of economic welfare, and consequently decide if they are proper objectives of competition policy.…

    • 1799 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Mrtp Act 1969 - Summary
    • 663 Words
    • 3 Pages

    Mrtp Act 1969 - Summary

    The Competition Act 2002 considers the modern issues of globalization and WTO besides the shortcomings of the now repealed MRTP Act 1969. But the success of the Compititon Act 2002 depends on the identification and determination of anti-competitive agreement.…

    • 663 Words
    • 3 Pages
    Good Essays
    Read More

Related Topics