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Market and Competition Authorities

Market and Competition Authorities Good Agency Principles

Author: Annetje Ottow
Publisher: Oxford University Press
ISBN: 9780198733041
Published In: March 2015
Format: Hardback , 304 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

Defines central agency principles and best practice applicable to economic agencies worldwide
Examines the operational principles and structural and organisational aspects of competition enforcement
Combines inside practical expertise with theoretical knowledge

Market and competition authorities operate in a complex environment with conflicting stakeholder demands. Balancing the various interests of the authority and stakeholder in an objective and impartial manner is strategic to achieving the goals of the legislation imposed. In a fresh approach examining the actions of an authority when a regulation is applied, Annetje Ottow argues the vital importance of the behaviour of authorities, focusing on five fundamental good agency principles: legality, independence, transparency, effectiveness, and responsibility, or, LITER. These principles provide agencies and those reviewing their actions with a framework for agency design and action.

Combining theory and practice to provide insight into agencies' organization and behaviour, this book outlines and analyses behavioural issues using an ecosystemic method, addressing how independent agencies should be assessed, and which principles should apply. Using cases from the Netherlands and the UK, Ottow examines the key processes of authorities against the LITER principles, and opens the debate on 'how to regulate the agency'.

Readership: Practitioners, academics, and policy makers in the field of competition regulation and policy

1: Introduction
2: Types of Authorities
3: Principles of Good Supervision
4: Institutional Design
5: Enforcement
6: Assessment and Judicial Review
7: Conclusions

Annetje Ottow is Professor of Public Economic Law at Utrecht University's Centre for Regulation and Enforcement in Europe. She is currently the Dean of Utrecht University's Faculty of Law, Economics and Governance. Before starting her academic career she worked in private practice for almost fifteen years, specializing in competition law and regulation. She combines her teaching and research as a professor with non-executive board membership of various regulatory and competition authorities. As a non-executive board member of the former Dutch telecommunications authority (OPTA), she was responsible for overall strategic legal issues, as well as being involved in OPTA's enforcement strategy and consequently also in the merger of the Dutch Competition Authority (NMa) with OPTA and the Dutch Consumer Authority (CA). In October 2013 she was appointed a non-executive director of the Competition & Markets Authority (CMA), the UK's newly created competition authority.