Anti-Competitive


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Anti-Competitive

A practice intended to subvert or eliminate competition. Many analysts believe competition is good for customers because it encourages companies to offer better quality products and/or lower prices. Anti-competitive measures, like price fixing or collusion, remove this incentive and thereby hamper innovation and growth. Many countries have laws banning or limiting anti-competitive activities, though opponents, notably Ayn Rand and her followers, argue that they encourage economic inefficiency and punish success.
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References in periodicals archive ?
Whenever Commission becomes aware of any such anti-competitive activity it will spare no effort to take the violators to task.
"The CAK ordered that Total expunge the clause after investigations showed that the dealership agreements contained "unreasonable and anti-competitive provisions".The clause is in contravention of the Competition Act, section 21 which defines restrictive trade practices as those that lessen competition to the detriment of consumers.
The public were urged to lodge their complaints with the MCC at complaints@mycc.gov.my if they found any enterprises in the e-hailing market engaged in anti-competitive conducts.
Under the law, companies doing M and As which cost of transaction would exceed P1 billion would have to notify the Philippine Competition Commission (PCC), which would then have to study the deal to see if it has any anti-competitive elements.
The commission is mandated under the Competition Act to ensure free competition in all spheres of commercial and economic activity, to enhance economic efficiency and to protect consumers from anti-competitive behaviour including agreements and decisions prohibited under Section 4 of the Act.
Shreesh Chandra, Senior Director, Content Creation & Acquisition, LexisNexis India-South Asia said during the launch, "The Competition Act, 2002 provides the main statutory framework that defines the typical anti-competitive practices prevailing in Indian markets.
Guberman intended to meet with the Federal Trade Commission (FTC), Federal Bureau of Investigation (FBI), Department of Commerce, and the Environmental Protection Agency (EPA) to provide documentation with evidence of alleged collusion, violation of antitrust laws, and corporate fraud involving an anti-competitive accreditation scheme that is misleading U.S.
Abu Dhabi-based Etihad Airways has slammed American Airlines' decision to end the codeshare as "anti-competitive and anti-consumer", said a Khaleej Times report.
Regulating Anti-Competitive Practices in Nigeria's Communications Sector
The Communications Regulatory Authority (CRA) of Qatar has issued a comprehensive competition framework to clarify anti-competitive behaviours in the telecommunications sector and associated assessments and actions that will be taken by the regulator if a service provider is found to have engaged in anti-competitive behaviour.
The Communications Regulatory Authority (CRA) has issued a comprehensive framework to clarify anti-competitive behaviours in the communications sector and associated assessments and actions that will be taken if a service provider is found to be in violation.
President Aquino is set to sign on Tuesday the landmark Philippine Competition Act, which will, hopefully, put an end to price fixing, cartels and other forms of anti-competitive business practices that stifle the growth of the country's micro small and medium enterprises (MSMEs) in the country.