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    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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    Citable URI
    http://hdl.handle.net/11540/7560
    Metadata
    Show full item record
    Thumbnail
    pidspn1715_rev2.pdf (1.791Mb)
    Author
    Medalla, Erlinda M.
    Theme
    Economics
    Industry
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise