Competition agencies with complex policy portfolios: Divide or conquer? (Chicago, 28 Oct. 2011)

Competition Agencies with Complex Policy Portfolios: Divide or Conquer? David A. Hyman & William E. Kovacic [1] The worldwide adoption of competition law is a remarkable development in economic regulation. More than 120 jurisdictions have enacted competition laws, and roughly 90 of these have come into being since 1990. [2] Companies accustomed to regarding antitrust rules as the sum of commands issued by the European Union and the United States now must account for policies set in countries such as Brazil, China, and India. In only the past five years, major additions have included the establishment of a new antimonopoly law in China and a thorough overhaul of India’s system. [3] The attention now given to the formation of antitrust laws globally has obscured an important