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Competition Policy as a Prerequisite for Utilizing the Benefits of the EU Single Market

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  • Eduard Marinov

Abstract

The EU has one of the strongest competition protection systems in the world, which also applies to non-EU companies operating on the Single market. The new structural challenges faced by the EU competition policy require a reassessment of its role in transforming European industry and addressing new issues arising from the specifics of the digital economy. In addition, the pandemic crisis also requires an answer. The article firstly discusses the importance of the competition policy for the effective functioning of the Single market. Then, based on the study of several cases, some structural challenges to the EU competition policy are outlined. An attempt has been made to summarize the new challenges related to the pandemic crisis, digitalization and the green transition, systematizing the new measures related to them.

Suggested Citation

  • Eduard Marinov, 2022. "Competition Policy as a Prerequisite for Utilizing the Benefits of the EU Single Market," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 595-626.
    • Handle: RePEc:bas:econth:y:2022:i:5:p:595-626
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    References listed on IDEAS

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    1. Luis Palma Martos, 2008. "The common market and competition policy in the European Union," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 55, pages 286-301, November.
    2. Mario Mariniello, 2014. "Commitments or prohibition? The EU antitrust dilemma," Policy Briefs 809, Bruegel.
    3. Philippon, Thomas & Gutierrez, German, 2018. "How EU Markets Became More Competitive Than US Markets: A Study of Institutional Drift," CEPR Discussion Papers 12983, C.E.P.R. Discussion Papers.
    4. Cavalleri, Maria Chiara & Eliet, Alice & McAdam, Peter & Petroulakis, Filippos & Soares, Ana & Vansteenkiste, Isabel, 2019. "Concentration, market power and dynamism in the euro area," Working Paper Series 2253, European Central Bank.
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    More about this item

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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