Antitrust Around the World: An Empirical Analysis of the Scope of Competition Laws and Their Effects

67 Pages Posted: 13 Dec 2006  

Keith N. Hylton

Boston University - School of Law

Fei Deng

National Economic Research Associates (NERA)

Abstract

This paper investigates a dataset that codes key features of the competition laws of 102 countries. It first compares the scope of the laws overall, and of various subcomponents such as the law governing dominance, collusive conduct, and mergers. The second question examined in this paper is whether competition law has any effect on the intensity of competition within a nation. We find, in ordinary least squares regressions, that the scope of a country's competition law is positively associated with the perceived intensity of competition in the country's economy. However, we find no evidence that the scope of competition law is positively associated with an objective proxy of the intensity of competition. Moreover, instrumental variables regressions, though preliminary, do not indicate that the scope of competition law affects the perceived intensity of competition.

Keywords: antitrust, competition laws, laws governing dominance, laws governing collusive conduct, laws governing mergers, intensity of competition within a nation, scope of competition laws

JEL Classification: K00, K21, K33

Suggested Citation

Hylton, Keith N. and Deng, Fei, Antitrust Around the World: An Empirical Analysis of the Scope of Competition Laws and Their Effects. Antitrust Law Journal, 2007; Boston University School of Law Working Paper No. 06-47. Available at SSRN: https://ssrn.com/abstract=950964

Keith N. Hylton (Contact Author)

Boston University - School of Law ( email )

765 Commonwealth Avenue
Boston, MA 02215
United States
617-353-8959 (Phone)
617-353-3077 (Fax)

Fei Deng

National Economic Research Associates (NERA) ( email )

One Front Street, Suite 2600
San Francisco, CA 94111
United States

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