Competition Law in Ecuador Challenges and perspectives: a comparative analysis

Description: Competition law seeks to correct distortions in the market that arise due to the implementation of anticompetitive conduct, in order to promote efficiency through competitiveness that will ultimately lead to economic welfare and consumer satisfaction. In order to achieve the goals described in the above paragraph, several jurisdictions around the world have implemented legislative regimes to address the problems that are present in markets across various sector of the economy. From an economic perspective, regulation is the elaboration and imposition of rules on economic agents designed to alter market behaviour.1 Thus, regulation most of the times imposes additional burdens on economic agents and its effects are not always clear or efficient outcomes. The objective of this paper is to provide an insight of the several tools that competition law has at its disposal in order to prevent and correct market failures. The paper will focus on a comparative analysis of the competition legislation in Ecuador with several jurisdictions around the world.

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