Academic Journal of Humanities & Social Sciences, 2023, 6(10); doi: 10.25236/AJHSS.2023.061002.
Jieyu Wang
School of Public Affairs, University of Science and Technology of China, Hefei, 230026, China
The low elasticity of commodity demand and distorted market structure of APIs are the root causes of frequent unfair high price behavior. It is an urgent problem to eliminate such illegal activities and activate effective competition. Antitrust regulation is intended to stimulate competition with the most modest remedies possible. Ordering the cessation of an offence can prevent the further expansion of the consequences of damage in a timely manner, but the rules are too vague and should be properly refined, namely, to identify feasible measures of cessation and increase the burden of non-compliance with the obligation of cessation. But the actual market behavior is very complex, the single relief measure is difficult to deal with properly. The divestiture remedy, in the short-term direct introduction of competitors. Make it a supplementary remedy to deal with “Persistent diseases”. Proper law enforcement purposes must be implemented by proper law enforcement procedures. The active participation of operators in the debate is an important part of the evidence defense, in the different views of the balance of interests. At the same time, law enforcement agencies should guide operators to build an effective anti-monopoly compliance system to remedy the lack of ex post relief.
Unfair high price, Divestiture remedy, Anti-monopoly compliance system
Jieyu Wang. Research on the Antitrust Regulation of Unfair High Prices in the Field of API. Academic Journal of Humanities & Social Sciences (2023) Vol. 6, Issue 10: 6-12. https://doi.org/10.25236/AJHSS.2023.061002.
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