The Governance of Global Competition: Competence Allocation in International Competition Policy

Description

The globalization of competition demands international competition policy. Budzinski (economics, Philipps-University of Marburg, Germany) asserts that supranational competition governance must be built on the existing, predominantly national, regimes. Within such a multilevel competition policy system, the horizontal and vertical allocation and delimitation of competition policy competences becomes a crucial problem. This paper uses the economics of federalism to create an analytical framework for analysing stylised competence allocation rules in regard to their performance from en economic perspective. Subsequently, a selection of important stylised competence allocation rules for international competition policy is comparatively analysed. The results of this theoretical analysis allow for policy recommendations in regard to the design of a workable international competition policy regime.

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