When competition cannot be perfect: adapting antitrust to small and insular economies
Small and insular markets are essential commercial partners. Yet, these markets face structural constraints such as limited market size, geographical isolation and higher costs which means that competition often works differently than in larger economies. Drawing on insights from a survey of competition authorities in small and insular jurisdictions, this ICC report shows why competition policy cannot always be applied the same way everywhere. It offers practical recommendations to uphold core competition principles while adapting their application to local realities.

