Competition Policy Analysis – An Integrated Approach
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In this chapter, an integrated approach of competition policy analysis is developed. This approach comprises a progression of compulsory analytical steps toward creating and maintaining an efficient antitrust policy. An efficient antitrust policy consists of a set of effectively enforced rules that constrain the firms’ competitive strategies aiming at maximising the total welfare contribution for a given enforcement budget. To put it differently, this chapter focuses on proposing ways of assuring that the introductory quote by Richard Grant stays a provocative poem, a far cry from reality, rather than a realistic description of contemporary antitrust policy.
KeywordsDeadweight Loss Horizontal Merger Merger Control Antitrust Authority Antitrust Policy
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