1. A comparison of
regulations of horizontal agreements in the EU, Japan and China.
This study will conduct an analysis of competition HRs
of the EU, Japan and China, with particular focus horizontal agreements.
Attention will be given to research and development agreements and each
jurisdiction's interpretation of the term 'undertakings' will be examined in
detail. Restrictions on agreements are an equally revealing topic and attention
will be given to elements such as exemptions and regulations in joint research
and development agreements. The regulations of each jurisdiction will be stated
in order for a comparison to be undertaken. What are the approaches adopted by
each jurisdiction? Which appears to be the most effective at regulating
horizontal agreements and what lessons can be learned from each approach? These
issues will be explored in depth in this study, and a critical analysis of each
jurisdiction will provide a detailed overview of how horizontal agreements can
be regulated effectively.
Suggested Reading
- Negishi, A et al 2009. A Commentary on
the Antimonopoly HR of Japan, Masako Wakui: Yuhikaku.
- Jones, A & Sufrin, B 2009. EU
Competition HR: Text, Cases & Materials, 4th edn, New York: Oxford
University Press.
2. Is predatory
pricing ever a rational strategy and, if so, what should the test for predation
be? Has the 2009 Guidance tackled these issues convincingly?
This study will attempt to tackle the array of
issues surrounding predatory pricing. Predatory pricing is an elusive concept,
which requires analysis in terms of whether it can be said to exist, as well as
the factors that determine its existence. The landmark Standard Oil case will
be closely analysed, most prominently due to its extensive discussion of
predatory pricing, as well as its initial setting of the criteria applied to
predatory pricing. Examination of Article 102 of the Treaty on the Functioning
of the European Union will lead to a comparison of predatory pricing with the
other abusive acts contained in the Article in an attempt to outline its
features. Varied opinions relating to predatory pricing will be explored to
convey how attitudes have changed over time. Is predatory pricing a rational
strategy? Can a single test be devised for predatory pricing? What do previous
case HR examples offer in terms of how the issue is to be approached today?
These issues will be explored along with an analysis of the 2009 Guidance on
predatory pricing.
Suggested Reading
- Motta, M 2004. Competition Policy: Theory
and Practice, Cambridge: Cambridge University Press.
- Bishop, S & Walker, M 2010. The
Economics of EC Competition HR: Concepts, Application and Measurement,
London: Sweet and Maxwell.
- McGee, JS 1958. 'Predatory Price Cutting:
The standard Oil Case', Journal of HR and Economics, vol. 1, no. 37.
- Whish, R 2006. Competition HR, New York:
Oxford University Press.
3. To what extent do
the changes introduced by the Lisbon Treaty resolve the problems associated
with the application of EU competition HR to the financing and functioning of
services of general economic interest?
Following the contemptible rejection of the Treaty
Establishing a Constitution for Europe, the Treaty of Lisbon was eventually
proposed and signed. In an attempt to respond to previous rejections of the
TECE, the Treaty of Lisbon pursued the formation of an accountable framework
which would underlie the European Union. This was seen as vital if any
improvements were to be made to competition HR and policies; improvements which
were long overdue. Yet, what have been its main changes to the HR relating to
services of a general economic interest in connection to competition HR? Have
legal problems been recognised and how does the Treaty of Lisbon seek to ease
such problems? This study will examine the HR pertaining to services of a
general economic nature in conjunction with Article 86 and the general
situation of such services as connected to the derogations provided for in
Article 86(2). Case HR decisions will be assessed to observe these provision in
practice to lead to the conclusion that although many changes were recognised
as necessary, most problems were left unsolved.
Suggested Reading
- Craig, P 2008. 'The Treaty of Lisbon:
Process, Architecture and Substance', European HR Review, vol. 2, no. 33.
- Dabbah, M 2009. Competition HR in the EC
and UK, Cambridge: Cambridge University Press.
- Gerber, D 2001. HR and Competition in
Twentieth Century Europe: Protecting Prometheus, New York: Oxford
University Press.
- Krajewski, M et al 2009. The Changing
Legal Framework for Services of General Interest in Europe Between
Competition and Solidarity, The Hague: Asser.
4. With reference to
case HR and academic commentary, critically analyse the extent to which EC
competition regulations are effective in protecting competition.
The EC's business and economic sectors are dynamic
and constantly expanding to include new and novel business practices. The
perpetually-increasing membership of the EU has had a major impact upon the
expansion of competitive practices within and between Member States. Such
expansion has fuelled the need to develop and adapt trade practice regulations
in the effort to protect and ensure an effective competitive market. The core
goal of EU Competition HR is therefore to facilitate and equalise competition
between Member States. This study will examine the need to effectively regulate
competitive behaviour within the EU and how such regulations approach
competition practices. How have anti-competitive practices been controlled thus
far? Is the regulatory framework successful or rife with problems? These issues
will be explored in this study, which will ultimately examine the extent to
which regulations devised to protect competition succeed in doing so.
Suggested Reading
- Bannerman, E 2002. The Future of EU
Competition Policy, Centre for European Reform: Brussels.
- Cini, M & McGowan, L 1998.
Competition Policy in the European Union, Palgrave Macmillan: Hampshire.
- Drexl, J, Kerber, W & Posdzun, R
2011. Competition Policy and the Economic Approach: Foundations and
Limitations, Edward Elgar: Chelenham.
- Motta, M 2004. Competition Policy: Theory
and Practice, Cambridge University Press: New York, 2004.
5. Changes in EU
Competition HR over the past 10 years.
This study will examine, in light of the expanding
borders of the EU, how competition HR has responded to the need to adapt to EU
developments. How have anti-competitive activities been approached and dealt
with and what are the major changes in regulations over the past decade? Have
regulations improved competition HR or is major reform necessary? When did
changes begin and what elements did they focus upon? These issues will be
explored in a bid to examine how the functions of the EU in a competition HR
context have altered.
Suggested Reading
- Craig, P & de Burca, G 2008. EU HR:
Text, Cases, and Materials, New York: Oxford University Press.
- Jones, A & Surfrin, B 2008. EC
Competition HR: Text, Cases and Materials, New York: Oxford University
Press.
- Pirrung, M 2004. 'European Union
Enlargement towards Cartel Paradise? An Economic Analysis of The Reform of
European Competition HR', Erasmus HR and Economics Review, vol. 1, no. 77.
- Windhoff-Heritier, A, Knill, C &
Mingers, S 1996. Ringing the Changes in Europe: Regulatory Competition and
Redefinition of the State, Berlin: Walter de Guyter and Co.
6. The Cost of
Monitoring Competition – Is it Worth it?
The active and aggressive process of monitoring
competition adopts a number of mechanisms designed to protect the competitive
market. For example, contracts or agreements which restrict free trade between
businesses are prohibited; firms are prevented from dominating the market
through the use of abusive behaviour. Practices which are devised to ensure a
dominant market position include predatory pricing, tying, price grouping and
refusing to deal; these activities are closely monitored and prohibited by
competition regulations. Yet in order to apply competition regulations
effectively, it is necessary for authorities to constantly check, prevent and
punish anti-competitive activities. Yet is such effort and expenditure involved
in monitoring anti-competitive activities actually worth it? This study will
consider the proposals of critics who state that competition HRs can actually
have negative effects because they protect incompetent competitors and
unnecessarily lower competition. Are such criticisms accurate? Has the cost of
legal regulation proven more costly than benefits afforded to consumers?
Suggested Reading
- Craig, P & de Burca, G 2008. EU HR:
Text, Cases, and Materials, New York: Oxford University Press.
- Jones, A & Surfrin, B 2008. EC
Competition HR: Text, Cases and Materials, New York: Oxford University
Press.
- Massimo, M 2004. Competition Policy:
Theory and Practice, New York: Cambridge University Press.
- Sauter, W 1997. Competition HR and
Industrial Policy in the EU, New York: Oxford University Press.
7. Strategic
alliances as method of development, regardless of their form, are inherently
beneficial to the parties involved. Critically evaluate this statement.
A strategic alliance is defined as a cooperative
strategy by which firms combine their resources and abilities in order to
achieve a competitive advantage. Strategic alliances are becoming all the more
popular as the business market expands beyond control. Alliances have increased
in complexity and size, so that major firms from across the globe have joined
forces to create even larger corporations. The benefits conferred by such
alliances are potentially endless. Major advances are made in research, huge
profits are earned, and resources receive major support. Yet do the risks
outweigh the benefits? This stufy will consider whether the potential damage
that can result from strategic alliances outweigh the rewards they offer.
Suggested Reading
- Bamford, J, Gomes-Casseres, B &
Robinson, M 2004. Envisioning Collaboration: Mastering Alliance
Strategies, San Francisco: Jossey-Bass.
- Lorange, P & Roos, J 1993. Strategic
Alliances: Formation, Implementation, and Evolution, Cambridge, MA:
Blackwell Business.
- Barney, JB 1991. 'Firm Resources and
Sustained Competitive Advantage', Journal of Management, vol. 17, no. 1.
- Grant, RM 2010. Contemporary Strategy
Analysis and Cases: Text and Cases, 7th edn, Essex: Wiley.
8. The Competition
Act 1998 in the EU: a Comparative Analysis.
The Competition Act 1998 contains a lot of features
which serve to bring UK competition HR in line with the EC model. In fact, a
number of EU Member States have adopted this model. This study will provide an
overview of the 1998 Act, in terms of its content and structure, and compare it
to other models in the EU realm. Which aspects have been adapted to suit
particular needs of the UK or particular features of its system and market?
Which aspects can be considered an improvement upon the general EU model? These
aspects will be explored in order to arrive at an overall conclusion as to the
stance of the Competition Act 1998 in an EU context.
Suggested Reading
- Jones, A & Surfrin, B 2008. EC
Competition HR: Text, Cases and Materials, New York: Oxford University
Press.
- Massimo, M 2004. Competition Policy:
Theory and Practice, New York: Cambridge University Press.
- Sauter, W 1997. Competition HR and
Industrial Policy in the EU, New York: Oxford University Press.
9. Arguably the most
important step in the application of competition HR to the conduct of companies
is the definition of 'relevant market'. Discuss.
This study will examine how the term 'relevant
market' is defined in the context of EU competition HR, and in doing so will
identify its role in the application of competition HR to company conduct. How
has the term been delineated in terms of its reach and limitations? How does it
fit in with the overall competition HR scheme of the EU? The term's boundaries
will be examined in relation to definitions of 'product' and 'geographic
market' to determine whether competition HR's scope is appropriate or in need
of reform.
Suggested Reading
- Rodger, BJ & MacCulloch, A 2004.
Competition HR and Policy in the EC and UK, London: Cavendish Publishing.
- Furse, F 2004. Competition HR of the EC
and UK, 4th edn, New York: Oxford University Press.
- Middleton, K, Rodger, BJ & McCulloch,
A 2003. UK & EC Competition HR, New York: Oxford University Press.
10. Enforcing
Competition HRs in the UK: A Critical Overview.
This study examines the importance and role of
proceedings instigated by private individuals in the enforcement of competition
HRs in the UK. The numerous obstacles encountered since the enactment of the
Competition Act 1998 and the Enterprise Act 2002 will be critically evaluated,
as well as developments that have taken place within the European Union. It will
be demonstrated that the legal protection of competition, although it can be
justified on an ethical and economic basis, should not be used to empower
private individuals to monitor competition. Of course, it is important to
encourage private enforcement of competition regulations, yet it is similarly
necessary to restrict the extent to which such enforcement can proceed.
Suggested Reading
- Rodger, BJ & MacCulloch, A 2004.
Competition HR and Policy in the EC and UK, London: Cavendish Publishing.
- Furse, F 2004. Competition HR of the EC
and UK, 4th edn, New York: Oxford University Press.
- Middleton, K, Rodger, BJ & McCulloch,
A 2003. UK & EC Competition HR, New York: Oxford University Press.
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