Competition law and policy

Competition policy governs how businesses interact with both consumers and each other. A country's competition policy is the sum of its competition laws, which proscribe anti-competitive behaviour, and the effect that its public policy may have on competitive processes in the economy.

Competition law and policy should only apply to areas of actual and potential market failure and, thus, it is not in conflict with the effective operation of the market mechanism. Studies suggest that a competition authority will typically generate greater benefits for the economy than its costs of operation.

The OECD Journal of Competition Law and Policy is a unique resource for competition experts in business, law, economics, consulting and academia.

What are the principles in the competition law guidelines?

The principles in the guidelines are coherent with the proposed amendment to the competition law

The guidelines illustrate anticompetitive practices related to digital platforms, such as anticompetitive agreements using data and algorithms on platforms to collect or exchange sensitive information

What is the OECD Journal of competition law and policy?

OECD Journal of Competition Law and Policy - OECD The journal is a unique resource for competition experts

It provides insight into the thinking of competition law enforcers while focusing on the pratical application of competition law and policy

Organisation for Economic Co-operation and Development (OECD)

What is the UK competition law based on?

The prohibitions in the UK law on abuse of dominant position and anti-competitive agreements were based on and underpinned by equivalent provisions in EU law ( UK Parliament, 2021)

A key feature of the UK competition regime is the concurrent powers held by different sectoral regulators for the enforcement of competition rules

×Competition policy is a set of regulations that governments use to ensure that businesses play fair when interacting with consumers and each other. The purpose of these regulations is to level the playing field for similar enterprises in a given industry while also prohibiting them from acquiring an unfair advantage over their competitors. The policy aims to prevent the growth and abuse of monopoly power, reduce barriers to entry, and keep markets contestable. Competition policy encourages companies to offer consumers goods and services on the most favorable terms, encourages efficiency and innovation, and reduces prices.

The Competition Act is a Canadian federal law governing competition in Canada.
The Act contains both criminal and civil provisions aimed at preventing anti-competitive practices in the marketplace.

Government bodies enforcing fair competition

A competition regulator is the institution that oversees the functioning of markets.
It identifies and corrects practices causing market impediments and distortions through competition law.
In general it is a government agency, typically a statutory authority, sometimes called an economic regulator, that regulates and enforces competition laws and may sometimes also enforce consumer protection laws.
In addition to such agencies, there is often another body responsible for formulating competition policy.

National Competition Policy is formulated by the Government of India with a view to achieve highest sustainable levels of economic growth, entrepreneurship, employment, higher standards of living for citizens, protect economic rights for just, equitable, inclusive and sustainable economic and social development, promote economic democracy and support good governance by restricting rent-seeking practices.
Dhanendra Kumar was the Chairman of the committee which was entrusted the task of formulating India's National Competition Policy.

The Competition Act, 2002 was enacted by the Parliament of India and governs Indian competition law.
It replaced the archaic The Monopolies and Restrictive Trade Practices Act, 1969.
Under this legislation, the Competition Commission of India was established to prevent the activities that have an adverse effect on competition in India.
This act extends to whole of India.