The drivers of antitrust effectiveness
This paper shows what drivers the effectiveness of antitrust policy, by using internationally collated data on the perception of effectiveness of competition policy. It concludes that average antitrust effectiveness depends on per capita income and supranational policy leadership, such as the one at the core of the EU. Additionally, it shows that some aspects of competition policy design have a significant impact on policy results. Effectiveness is driven by using an economic approach to judge dominance and abusive practices. We show that antitrust is sounder when the legal mandate on merger policy focuses on competition in markets, rather than on more broadly defined public interests. Antitrust effectiveness is also spurred by taking an active stance against cartels and especially by introducing a leniency programme to enforce the prohibition of cartels. Finally, it is important that an independent antitrust authority has the final say on prohibiting competition restrains.
Volume (Year): 185 (2008)
Issue (Month): 2 (July)
|Contact details of provider:|| Postal: |
Web page: http://www.ief.es
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Aghion, P. & Howitt, P., 1989.
"A Model Of Growth Through Creative Destruction,"
527, Massachusetts Institute of Technology (MIT), Department of Economics.
- Aghion, P. & Howitt, P., 1990. "A Model Of Growth Through Creative Destruction," DELTA Working Papers 90-12, DELTA (Ecole normale supérieure).
- Philippe Aghion & Peter Howitt, 1990. "A Model of Growth Through Creative Destruction," NBER Working Papers 3223, National Bureau of Economic Research, Inc.
- Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," UWO Department of Economics Working Papers 8904, University of Western Ontario, Department of Economics.
- Estelle Malavolti-Grimal & Fabian Bergès-Sennou & Frédéric Loss & Thibaud Vergé, 2002.
"Modernisation de la politique communautaire de concurrence. Régime d'autorisation ou d'exception légale?,"
Programme National Persée, vol. 53(3), pages 437-447.
- Fabian Bergès-Sennou & Frédéric Loss & Estelle Malavolti-Grimal & Thibaud Vergé, 2002. "Modernisation de la politique communautaire de concurrence. Régime d'autorisation ou d'exception légale ?," Revue économique, Presses de Sciences-Po, vol. 53(3), pages 437-447.
- Dennis W. Carlton & Randal C. Picker, 2007.
"Antitrust and Regulation,"
NBER Working Papers
12902, National Bureau of Economic Research, Inc.
- Dutz, Mark A. & Hayri, Aydin, 2000.
"Does more intense competition lead to higher growth?,"
Policy Research Working Paper Series
2320, The World Bank.
- Dutz, Mark & Hayri, Aydin, 1999. "Does More Intense Competition Lead to Higher Growth?," CEPR Discussion Papers 2249, C.E.P.R. Discussion Papers.
- Giuseppe Nicoletti & Stefano Scarpetta & Olivier Boylaud, 2000. "Summary Indicators of Product Market Regulation with an Extension to Employment Protection Legislation," OECD Economics Department Working Papers 226, OECD Publishing.
- Christopher F Baum & Mark E Schaffer & Steven Stillman, 2002. "IVREG2: Stata module for extended instrumental variables/2SLS and GMM estimation," Statistical Software Components S425401, Boston College Department of Economics, revised 29 Aug 2015.
- Dominique Demougin & Claude Fluet, 2004.
"Deterrence vs Judicial Error: a Comparative View of Standards of Proof,"
Cahiers de recherche
- Dominique Demougin & Claude Fluet, 2004. "Deterrence vs Judicial Error: A Comparative View of Standards of Proof," CIRANO Working Papers 2004s-38, CIRANO.
- Stern, Jon & Cubbin, John, 2005. "Regulatory effectiveness : the impact of regulation and regulatory governance arrangements on electricity industry outcomes," Policy Research Working Paper Series 3536, The World Bank.
- Gual, Jordi & Hellwig, Martin F. & Perrot, Anne & Polo, Michele & Rey, Patrick & Schmidt, Klaus M. & Stenbacka, Rune, 2005.
"An Economic Approach to Article 82,"
Discussion Papers in Economics
745, University of Munich, Department of Economics.
- Paul Levine & John Stern & Francesc Trillas, 2005. "Utility price regulation and time inconsistency: comparisons with monetary policy," Oxford Economic Papers, Oxford University Press, vol. 57(3), pages 447-478, July.
- Louis Kaplow & Steven Shavell, 1992.
"Accuracy in the Determination of Liability,"
NBER Working Papers
4203, National Bureau of Economic Research, Inc.
- Jonathan B. Baker, 2003. "The Case for Antitrust Enforcement," Journal of Economic Perspectives, American Economic Association, vol. 17(4), pages 27-50, Fall.
- Stern, Jon & Trillas, Francesc, 2003. "Independence and discretion in telecommunications regulation: lessons from independent central banks," Utilities Policy, Elsevier, vol. 11(4), pages 191-201, December.
- John Cubbin & Jon Stern, 2006. "The Impact of Regulatory Governance and Privatization on Electricity Industry Generation Capacity in Developing Economies," World Bank Economic Review, World Bank Group, vol. 20(1), pages 115-141.
When requesting a correction, please mention this item's handle: RePEc:hpe:journl:y:2008:v:185:i:2:p:69-88. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Belén Miquel Burgos)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.