000			01982cam a2200241 4500500
005			20250121134600.0
041			_afre
042			_adc
100	1	0	_aHuveneers, Christian _eauthor
245	0	0	_aThe Multiple Objectives of Competition Policy: Accounting for Various Factors and Their Effects
260			_c2008.
500			_a39
520			_aThis paper provides an overview of the multiple objectives assigned to competition policy in the current political debate, which is concerned with safeguarding the single market in the midst of a wave of “economic patriotism,” stabilizing general price levels amidst renewed inflationary pressures, and stimulating both structural competitiveness (the quality of goods and services) and dynamic efficiency (innovation). The paper starts by discussing this multiple objective approach by reminding readers that competition policy aims primarily at achieving workable competition for the sake of consumer welfare. It surveys empirical results reported in the literature, supporting the conclusion that increased competition, specifically in networked industries, lowers price levels once and for all. However, the literature also shows that a higher degree of competition increases price flexibility both downward and upward, making anti-inflationary policies more difficult to implement. Therefore, competition policy is not primarily designed to curb inflation in the short or medium term.
690			_aantitrust policy
690			_aregulation and industrial policy
690			_aindustrial organization and macroeconomics
690			_aallocative efficiency
690			_ainnovation
690			_aMarket structure and pricing
690			_aregulated industries
786	0		_nReflets et perspectives de la vie économique | Volume XLVII | 1 | 2008-06-04 | p. 9-37 | 0034-2971
856	4	1	_uhttps://shs.cairn.info/journal-reflets-et-perspectives-de-la-vie-economique-2008-1-page-9?lang=en&redirect-ssocas=7080
999			_c576821 _d576821