THE ROLE OF THE MARKET IN ECONOMIC REGULATION
By Pierre Larouche
Date: 30 Jan 2004
Venue: Lee Sheridan Conference Room (3rd floor, Law Faculty)
This paper was delivered on the occasion of the inaugural lecture of Pierre Larouche as Professor of Competition Law, on 14 November 2003, and is meant as a programmatic paper on future research endeavours. The first part briefly sets out the case for a horizontal approach to economic regulation, i.e. an academic endeavour to draw general conclusions for the experience with competition law and with sector-specific regulation in telecoms, energy, post, etc. It also outlines the component parts of such an approach. The second part goes in greater depth into one of these parts, namely the relationship between the workings of the market and intervention in the economy. It tries to put forward a framework for analysis which could overcome the opposition between those who think that the economy should be the ultimate consideration in deciding upon economic regulation and those who think that the polity should have the last word.
About the Speaker
Pierre Larouche is Professor of Competition Law at Tilburg University and Vice-Director of the Tilburg Law and Economics Center (TILEC). He is a member of the Quebec Bar (1991). He graduated from the Faculty of Law of McGill University (Montreal) in 1990. He clerked at the Supreme Court of Canada in 1991_1992. In 1993, he obtained a masters degree from the Rheinische Friedrich_Wilhelms Universität Bonn. Thereafter he practised law for three years within the European Community law unit of Stibbe Simont Monahan Duhot in Brussels. From 1996 to 2002, he was at the Universiteit Maastricht, working with Professor Walter van Gerven in the Ius Commune Casebooks Project, which led to the publication of the Casebook on Tort (2000). At the same time, he obtained his doctorate in 2000 on the balance between competition law and sector-specific regulation in the telecommunications sector. His teaching and research interests include competition law, telecommunications law, media law, basic Community law and the common European law of torts. He is one of the chief editors of the Journal of Network Industries. He was recently a visiting professor at McGill University (2002) and the College of Europe in Bruges (2003) and is currently a visiting professor at the National University of Singapore (2004).