In this issue:
The Spring/Summer 2014 issue of Competition Policy International presents a lively discussion regarding effective institutional designs for competition regimes. More than 100 jurisdictions around the globe now have competition laws. But despite this proliferation, there’s no consensus on the optimal structure for an authority. While differences across countries probably dictate that there is no one “best” design for a national competition authority, we can still hope for some general principles for those countries figuring out how to come up with the best design for their circumstances.
Letter From the Editor
While most competition laws can trace their inspiration back to the United States (common law system) or the European Union (civil law system), laws still widely vary, as do the structure of the authorities created to enforce them, reflecting diverse cultural, legal, and political regimes. And while most authorities have an institutional interest in preserving and promoting competition, their ability and inclination to do so have also been challenged by political events—recently, in particular, the financial crisis that began in October 2008.
Great Britain and Europe
How the reforms to the U.K. competition regime