What Has Competition Done for Europe? An Inter-Disciplinary Answer

Aussenwirtschaft, No. 4, 2007

38 Pages Posted: 8 Jan 2008

See all articles by Alberto Heimler

Alberto Heimler

Government of the Italian Republic (Italy) - National School of Administration

Robert D. Anderson

World Trade Organization

Abstract

In recent policy debates in Europe, the question 'what has competition done for Europe?' has been posed at the highest levels. This question merits careful reflection. Competition as it is understood by mainstream economic and legal scholars refers not to an ideology but to inter-firm rivalry in markets. Such rivalry ensures that consumers enjoy choice, low prices, and good value for money. The authors consider the historical origins and development as well as the current role and effects of competition policy in Europe. The latter includes legal provisions that address anti-competitive practices by firms and activities aimed at promoting competition in respect of potentially anti-competitive government measures. They conclude that such policy has made essential contributions to the high standard of living enjoyed by European citizens, to the policy and institutional infrastructure of Europe, to related international initiatives and, indeed, to the creation of Europe itself.

Keywords: Competition, Wealth, Protectionism, Europe

JEL Classification: D40, D31, F10, F13, F15

Suggested Citation

Heimler, Alberto and Anderson, Robert D., What Has Competition Done for Europe? An Inter-Disciplinary Answer. Aussenwirtschaft, No. 4, 2007. Available at SSRN: https://ssrn.com/abstract=1081563

Alberto Heimler (Contact Author)

Government of the Italian Republic (Italy) - National School of Administration ( email )

Via dei Robilant
11 - 00135 Rome
Italy
+3906 33565348 (Phone)

Robert D. Anderson

World Trade Organization ( email )

Rue de Lausanne 154
Geneva, CH-1202
Switzerland

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