Description
Book SynopsisOffering a comprehensive overview of the major issues that arise in the enforcement of competition laws, this book takes an interdisciplinary approach to the topic, reviewing the development of Korean competition laws and their enforcement with rigorous economic analysis. Chapters build on the Korean experience, providing guidance to the capacity-building efforts of developing countries that have recently introduced competition laws.
In this exciting new book, an international team of experts compares market structures, in both global and Korean contexts, particularly focusing on the impact of foreign competition on market concentration and ways to improve market structure. It thoroughly investigates core competition problems, including international abuses of dominance, mergers and collusion, and vertical restraints. Contributions move beyond explaining the laws and practices of enforcement agencies, offering readers an insight into the trend of ever-increasing interdependence among national economies, complemented by analyses of recent developments in the US and Canada.
The exploration of clear trends both in Korea and globally will prove valuable to scholars and students of industrial competition policy, and law and economics. It will also be useful to policy-makers, particularly those in developing countries, looking to better understand the issues surrounding competition law and designing future policies.
Table of ContentsContents: Preface by Jeong Pyo Choi ix 1 Introduction and overview 1 Jay Pil Choi, Wonhyuk Lim and Sang-Hyop Lee PART I SETTING THE STAGE 2 Competition law and economics: international cooperation and convergence in competition policy 13 Jay Pil Choi PART II MARKET STRUCTURE 3 Market structure and market studies 30 William E. Kovacic 4 An empirical study of the competitive pressure of the foreign sector in Korea 51 Suil Lee PART III ABUSE OF DOMINANCE 5 Structured rule of reason analysis of tying arrangements 82 Yong Hyeon Yang PART IV MERGER AND COLLUSION 6 Comments on merger guidelines 111 Joseph Farrell 7 What next? Cartel strategy after getting caught 125 Robert C. Marshall, Leslie M. Marx and Claudio Mezzetti PART V VERTICAL RESTRAINTS 8 Competition policy and the economics of vertical restraints 146 Ralph A. Winter 9 Resale price maintenance in a multi-producer and multi-distributor setting 174 Se Hoon Bang and Yangsoo Jin 10 Retail price coordination in Korean department stores: the specific purchase contract 190 Woohyun Chang Index
