Old and new ideas in Competition Policy
This paper reviews the evolution of competition policy during the 20th century. It identifies the major principles underlying these policies and shows that two major challenges will have to be faced in the near future. On one hand, the technological changes introduced by the so-called 'new economy' are rapidly replacing some old rules, by reshaping the concepts of monopoly power and market dominance. On the other hand, internationalisation of economic boundaries is creating a greater need of policy coordination, not only between the US and the EU, but a global level as well. These ideas will define the evolution of competition policy in the next decades.
|Date of creation:||2003|
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