Understanding the principles underlying the Philippine competition law
Medalla, Erlinda M. | July 2017
Abstract
After two decades of failed attempts to pass a competition bill in the Congress, the enactment of the Philippine Competition Act (Republic Act No. 10667) under the Aquino III administration in 2015 became a breakthrough legislation intended to promote free and fair competition in economic activities. Its objective is more or less standard and universal, which is to “safeguard, protect, and promote competition and the competitive process”. Its rationale is the same, which is to optimize overall welfare by promoting efficiency through good resource allocation and yielding right prices1 of goods and services, with highest feasible quality and variety of products. However, its passage is only the first step toward creating a working competition policy regime and a fairly competitive environment.
Citation
Medalla, Erlinda M.. 2017. Understanding the principles underlying the Philippine competition law. © Philippine Institute for Development Studies. http://hdl.handle.net/11540/7560.ISSN
2508-0865
Keywords
Securities
Competition
Industrial competition
Unfair competition
Monopolies
Competition policy
Development cooperation
Economic discrimination
Industrial Development
Financial Services Industry
Industrial Sector
Industry
Development Economics
Economic Models
Organization for Economic Cooperation and Development
Automobiles
Competition
Comparative economics
Communication in economic development
Industrialization
Monopoly
Barriers to entry
Monopolistic competition
Restraint of trade
Price discrimination
Imperfect competition
Press monopoly
Diversification in industry
Unfair competition
Investment banking
Automobile industry
Automobile industry workers
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