Competition policy for small market economies / Michal S. Gal.

Preface, vii -- Introduction, 1 -- 1. The economic characteristics of small market economies, 13 -- 2. The general implications of small size for competition policy, 46 -- 3. The regulation of single-firm dominance, 58 -- 4. The regulation of natural monopolies and essential facilities, 111 -- 5. The regulation of oligopoly markets, 154 -- 6. Merger control policy, 194 -- Conclusion, 250 -- Notes, 267 -- Index of legislation, 311 -- Index of cases, 313 -- General index, 319.

Michal Gal's thorough analysis shows the effects of market size on competition policy, ranging from rules of thumb to more general policy prescriptions, such as goals and remedial tools. Competition policy in small economies is becoming increasingly important, since the number of small jurisdictions adopting such policy is rapidly growing. Gal's focus extends beyond domestic competition policy to the evaluation of the current trend toward the worldwide harmonization of policies. This book will provide important guidance to academics, policy makers, and practitioners of competition policy as well as to anyone interested in the globalization of competition laws.