U.S. Antitrust and EU Competition Policy: Where has the Former Been, Where is the Latter Going?
The earliest U.S. antitrust laws were adopted after technological changes — most importantly, the development of a national railway network — made the U.S. political union a single economic market. They were adopted with the stated, and no doubt largely sincere, purposes of preventing collusion and strategic entry-deterring behavior. Early application of the antitrust laws relied on a rule of competition to determine whether business conduct was or was not permitted. This has evolved into an explicit evaluation of the impact of businesses practices on consumer welfare, conceived of and measured in an economic sense. EU competition policy was adopted in advance of economic integration. It differed sharply from the traditional policies of the original EC6 member states toward business behavior. It was adopted with the stated, and most likely sincere, purpose of furthering economic integration, and to this end prohibited practices that were seen as distorting competition. Early applications of competition policy, particularly in the European Coal and Steel Community, may have had perverse effects. There are indications of an evolution towards an economic performance standard in the European Union as well.
|Date of creation:||Dec 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Campus Universitario de Santiago, 3810-193 Aveiro|
Phone: +351 234 370 361
Fax: +351 234 370 215
Web page: http://www.ua.pt/egi/
More information through EDIRC
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.:
- Phlips,Louis, 1983. "The Economics of Price Discrimination," Cambridge Books, Cambridge University Press, number 9780521283946, June.
- Libecap, Gary D, 1992.
"The Rise of the Chicago Packers and the Origins of Meat Inspection and Antitrust,"
Western Economic Association International, vol. 30(2), pages 242-62, April.
- Gary D. Libecap, 1991. "The Rise of the Chicago Packers and the Origins of Meat Inspection and Antitrust," NBER Historical Working Papers 0029, National Bureau of Economic Research, Inc.
- Marburg, Theodore F., 1964. "Government and Business in Germany: Public Policy toward Cartels," Business History Review, Cambridge University Press, vol. 38(01), pages 78-101, March.
- McCurdy, Charles W., 1978. "American Law and the Marketing Structure of the Large Corporation, 1875–1890," The Journal of Economic History, Cambridge University Press, vol. 38(03), pages 631-649, September.
When requesting a correction, please mention this item's handle: RePEc:ave:wpaper:272005. 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: (Marta Ferreira Dias)
If references are entirely missing, you can add them using this form.