According to traditional antitrust theory, individuals (and firms) maximise utility according to stable preferences and rational expectations, while being well informed. This means that antitrust follows microeconomic bases that lead to the assumption that economic players are rational actors with willpower and self-interest. However, the emergence of behavioural economics shows that people do not necessarily behave in the ways that traditional economic principles would predict.
The US Federal Trade Commission, the Chinese Ministry of Commerce and the European Commission have all approved NXP Semiconductors NV's takeover of Freescale Semiconductor Ltd on the condition that NXP divested its radio frequency power amplifier assets to alleviate the agencies' competition concerns. The convergence of the three antitrust agencies' remedies should be encouraging for companies considering global transactions.
The recently created Energy Community Competition Network is intended to facilitate the consistent application and enforcement of EU competition law to the electricity, gas and oil sectors within the contracting parties and regional markets. The network will serve as a platform for promoting discussion and developing best practices among the public institutions participating in the network.