Research Articles

Taming Oligopolies Through Competition Law

Taming Oligopolies Through Competition Law


The passage of the Philippine Competition Act 1 (“PCA”) has been hailed as a game changer for the Philippine economy, while the Philippine Competition Commission (“PCC”) has been described by legal luminaries as a “superagency” vested with significant powers to perform its broad mandate. More recently, the press has called PCC “the Ombudsman of the market” 2 —ensuring integrity in the private sector while at the same time promoting transparency and accountability in the public sector.

There is much to discuss about this recent legislation. Competition Law, which is also called antitrust in the United States, is a critical part of the movement of “Law and Economics” in foreign jurisdictions.

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