Building competition policy reputation:

the relationship between competition authorities and the judiciary

Resumen

The present paper addresses the issue of building competition policy reputation in young jurisdictions. Many developing
countries have enacted competition laws in the last decade, and have struggled with building their competition policy reputation in order to avoid anticompetitive practices. Besides scarce financial and human resources, the main reason for this concern has been the slow judicial revisions of administrative decisions and the fact that, not rarely, this decisions are overturned due to procedural or substantive issues. Institutions count for economic development. This insight made a Nobel Prize winner and nowadays it is in mainstream of economist’s toolbox. However, issues like how precisely institutions count and what are their transmission mechanisms for economic performance, passing through individual decision making process, still challenge academics and policy-makers.