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THE ENTERPRISE ACT:ASPECTS OF THE NEW REGIME 1
Author(s) -
Morris Derek
Publication year - 2002
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00379
Subject(s) - scope (computer science) , oligopoly , commission , competition (biology) , relation (database) , determinative , relevant market , industrial organization , market definition , key (lock) , business , economics , competition policy , market structure , microeconomics , computer science , political science , finance , law , monopoly , ecology , computer security , database , cournot competition , biology , programming language
The forthcoming Enterprise Act makes the Competition Commission (CC) determinative in relation to merger and market inquiries. It also introduces new competition‐based tests, the rationale for which is examined. Several procedural aspects of the new regime are explored, in particular the need for economic guidance to be published on the application of the new tests. A number of key economic considerations are then examined, including market definition, oligopoly pricing, entry and the scope for different perspectives as between economic analysis and business practice.