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Old and new ideas in Competition Policy

Author

Listed:
  • Javier Campos Méndez

    () (Universidad de Las Palmas de G.C. Departamento de Análisis Económico Aplicado)

  • Juan Luis Jiménez González

    () (Universidad de Las Palmas de G.C. Departamento de Análisis Económico Aplicado)

Abstract

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.

Suggested Citation

  • Javier Campos Méndez & Juan Luis Jiménez González, 2003. "Old and new ideas in Competition Policy," Documentos de trabajo conjunto ULL-ULPGC 2003-06, Facultad de Ciencias Económicas de la ULPGC.
  • Handle: RePEc:can:series:2003-06
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    File URL: http://www.bibliotecas.ulpgc.es/fcee/hemeroteca/documentos%20de%20trabajo/DocumentosDTrabajo/doc24/dt2003-06.pdf
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    References listed on IDEAS

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    1. Nicholas Economides, 2001. "The Microsoft Antitrust Case," Journal of Industry, Competition and Trade, Springer, vol. 1(1), pages 7-39, March.
    2. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, January.
    3. Malerba, Franco & Nelson, Richard & Orsenigo, Luigi & Winter, Sidney, 2001. "Competition and industrial policies in a 'history friendly' model of the evolution of the computer industry," International Journal of Industrial Organization, Elsevier, vol. 19(5), pages 635-664, April.
    4. Hay, Donald, 1993. "The Assessment: Competition Policy," Oxford Review of Economic Policy, Oxford University Press, vol. 9(2), pages 1-26, Summer.
    5. William E. Kovacic & Carl Shapiro, 2000. "Antitrust Policy: A Century of Economic and Legal Thinking," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 43-60, Winter.
    6. No authors listed, 2001. "New Economy," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 27(1), pages 1-1.
    7. Kovacic, William E, 1992. "The Influence of Economics on Antitrust Law," Economic Inquiry, Western Economic Association International, vol. 30(2), pages 294-306, April.
    8. Michael Perelman, 1994. "Retrospectives: Fixed Capital, Railroad Economics and the Critique of the Market," Journal of Economic Perspectives, American Economic Association, vol. 8(3), pages 189-195, Summer.
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    Cited by:

    1. Juan Luis Jiménez & Javier Campos, 2004. "Efectos de la descentralización de la política de defensa de la competencia," Documentos de trabajo conjunto ULL-ULPGC 2004-09, Facultad de Ciencias Económicas de la ULPGC.

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    Keywords

    Competition policy; new economy; international coordination;

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