Philip Williams, Frontier Economics, presented at the Federal Court Judges Competition Law Conference today. Philip’s paper examines the relevance of economic efficiency to the new language in s46. He puts forward two propositions.
- The first is that there is a long history of recognising that one aspect of competition in the context of competition law is a notion of socially useful competition.
- The second proposition is that this notion of socially useful competition is particularly relevant to monopolisation cases of the kinds that will appear under our new s 46.
Philip leads the legal and competition practice at Frontier Economics.