IDEAS home Printed from https://ideas.repec.org/a/mul/jhpfyn/doi10.1434-97765y2020i1p139-155.html
   My bibliography  Save this article

Competition Policy in the Times of Virus and a New Legitimacy for Public Intervention

Author

Listed:
  • Andrea Pezzoli

Abstract

Relaxing antitrust rules during economic crisis has been a recurrent temptation,whereas competition can be part of the solution, especially when integrated withpublic policies aimed at protecting redundant employees and more vulnerable firms.The challenge for competition authorities during the virus is in the short run to contributeto the re-building of the markets, providing legal certainty for the cooperationagreements strictly necessary to face the emergency and, given the tool-kit at theirdisposal, contributing to contain price spikes. In the medium run, while the industriesmost affected by the crisis reorganize their structure, merger review should privilege apragmatic and flexible approach but not a permissive one. However, market processmay be insufficient when long term decisions have to be made in order to make oureconomic system more resilient. In this perspective public intervention could play acrucial role but has to be consistent with competition.

Suggested Citation

  • Andrea Pezzoli, 2020. "Competition Policy in the Times of Virus and a New Legitimacy for Public Intervention," Mercato Concorrenza Regole, Società editrice il Mulino, issue 1, pages 139-155.
  • Handle: RePEc:mul:jhpfyn:doi:10.1434/97765:y:2020:i:1:p:139-155
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1434/97765
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.rivisteweb.it/doi/10.1434/97765
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:jhpfyn:doi:10.1434/97765:y:2020:i:1:p:139-155. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.