An Economic Analysis of Extraterritoriality
نویسنده
چکیده
Extraterritorial application of national laws are regarded as an infringement of national sovereignty and against the interests of the nations affected by these actions, who frequently oppose their enforcement as a consequence. This paper examines extraterritorial application of national competition laws, and identifies an additional issue. Extraterritorial action by national competition authorities acting alone and in pursuit of their national interests may not eliminate distortions in global markets. A model of mergers is constructed which shows that national authorities which veto mergers in other countries may act against the interests of the world as a whole. Thus extraterritorial action may not remedy the problems it addresses, even if it is enforceable. Address: Department of Economics, The University of Melbourne, Parkville, Victoria 3052, Australia Fax: (61) 3 9344 6899 Tel: (61) 3 9344 5291 Email: [email protected]
منابع مشابه
Chapter 7: Domestic Law A. Unilateral State Action
The global environment itself knows no national boundaries. The activities of states affect the global environment whether or not those activities are regulated by international law or by domestic law or both. However, every student interested in the global environment must take into account the interface between domestic and international law. This Chapter's first essay reviews the considerati...
متن کاملEconomic Development: An Individualistic Methodology
This paper establishes two theoretical frameworks in the study of economic development. These are constitutional analysis and interdisciplinary perspective. This study acknowledges that the economists are the ones to blame for lost of the underdevelopment in many parts of the world. These two theoretical frameworks are part of an individualistic methodology. The paper first, discusses individua...
متن کامل