Size Does Matter: General Policy Prescriptions for Optimal Competition Rules in Small Economies

68 Pages Posted: 17 Apr 2001 Last revised: 19 Jul 2010

Michal Gal

University of Haifa - Faculty of Law

Date Written: April 1, 2001

Abstract

For the most part, competition policy literature focuses on large economies. Yet the economic paradigms on which such competition policies are based do not necessarily apply to the many small market economies that exist around the world. As this paper argues, the size of an economy necessarily affects the optimal competition policy that should be adopted by it. The paper demonstrates the effects of market size both on rules of thumb used in competition policy as well as on more general policy prescriptions, such as policy goals, trade-offs and remedial tools. The implications of this article extend beyond domestic competition policy to the evaluation of the current global drive towards the world-wide harmonization of competition policies.

Suggested Citation

Gal, Michal, Size Does Matter: General Policy Prescriptions for Optimal Competition Rules in Small Economies (April 1, 2001). Southern California Law Review, Vol. 73, 2001; NYU Ctr for Law and Business Research Paper No. 01-004. Available at SSRN: https://ssrn.com/abstract=267070 or http://dx.doi.org/10.2139/ssrn.267070

Michal Gal (Contact Author)

University of Haifa - Faculty of Law ( email )

Mount Carmel
Haifa, 31905
Israel

HOME PAGE: http://weblaw.haifa.ac.il/en/faculty/gal/pages/home.aspx

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