The Role of Competition Policy in the Promotion of Economic Growth
39 Pages Posted: 13 Oct 2008
There are 2 versions of this paper
The Role of Competition Policy in the Promotion of Economic Growth
Date Written: March 2008
Abstract
This essay discusses the role that competition policy can play in promoting economic growth. The essay begins by outlining the main components of modern antitrust policy. The essay then discusses the major aspects of an economy that contribute to economic growth and shows theways that competition policy can favorably influence economic growth. Next the essay discusses "industrial policy", as a set of policies that are in contradiction to competition policy and describes the tensions between them. Finally, the paper discusses the role of economics and economists in thedevelopment of competition policy in the U.S. and highlights some major advances in U.S.competition policy (to which economics and economists have contributed), which have madecompetition policy more consonant with economic efficiency (and economic growth); in addition, some potential improvements that could promote the effectiveness of competition policy even further are proposed.
Keywords: Competition policy, antitrust, economic growth, industrial policy, regulation
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Staples-Office Depot and Up-Sp: An Antitrust Tale of Two Proposed Mergers
-
Market Definition in Monopolization Cases: A Paradigm is Missing
-
By Philip B Nelson and Lawrence J. White
-
Antitrust Policy During the Clinton Administration
By Carl Shapiro and Robert E. Litan
-
"Market Definition in Monopoly Cases: A Paradigm is Missing,"
-
Has the Consumer Harm Standard Lost its Teeth?
By Howard H. Chang, David S. Evans, ...
-
Horizontal Merger Antitrust Enforcement: Some Historical Perspectives, Some Current Observations
-
Horizontal Merger Antitrust Enforcement: Some Historical Perspectives, Some Current Observations
-
Market Definition and Market Power in Payment Card Networks: Some Comments and Considerations