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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- Kovacic, William E. & Shapiro, Carl, 1999.
"Antitrust Policy: A Century of Economic and Legal Thinking,"
Competition Policy Center, Working Paper Series
qt5zb4g387, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
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- William E. Kovacic & Carl Shapiro, 2003. "Antitrust Policy: A Century of Economic and Legal Thinking," Law and Economics 0303006, EconWPA.
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New York University, Leonard N. Stern School Finance Department Working Paper Seires
01-00, New York University, Leonard N. Stern School of Business-.
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- 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 1-9.
- 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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