Product details
- Categories: Competition Law
- Publisher: Institut de droit de la Concurrence
- ISBN: 9781939007353
- Publication Date: 20/09/2023
- Binding: Paperback
- Number of pages: 174
- Language: English
Summary
Competition is an intriguing and worrisome concept, sometimes perceived as a healthy emulation and sometimes as a form of Darwinism. Economic analysis provides a useful and rigorous guide to overcoming these oversimplified views by showing that competition is a mechanism for eliminating unjustified rents. This book presents the two main economic visions of competition (competition as a state versus as a process), but also its microeconomic and macroeconomic effects (notably on productivity and employment), the obstacles to its effectiveness, and the policies for opening up and regulating competition.