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E.U. And U.S. Competition Laws Compared: The Paradigm Of Horizontal Co-Operation In Maritime Trade

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Chapter Summary

The assessment of the importance and impact of two antitrust legal systems in comparative perspective may not be disengaged from the overall economic context underlying such systems. To what extent are the European Union and the United States approaches similar, and in what ways do they differ? What are the expected consequences of such differences, and to what degree will they signify a shift to the self-assessment of the antitrust compatibility of trading practices to maritime carriers? This chapter provides some preliminary feedback on this issue, as well as considers, on the basis of experience gained from deregulation in markets displaying characteristics which are similar to those of maritime trade, whether the legislative changes are expected to bring about the intended effects, i.e. lower container rates and enhanced service levels for shippers, or, quite to the contrary, increased rates and reduced services.

Keywords: antitrust compatibility; antitrust legal systems; European Union; maritime trade; United States



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