Open AccessReforming European competition policy
Author(s) -
Filippo L. Calciano
Publication year - 2009
Publication title -
european view
Language(s) - English
Resource type - Journals
eISSN - 1865-5831
pISSN - 1781-6858
DOI - 10.1007/s12290-009-0069-7
Subject(s) - competition (biology) , order (exchange) , globalization , competition policy , european integration , strengths and weaknesses , business , economics , consumer welfare , single market , industrial organization , international trade , welfare , market economy , economic system , economic policy , european union , epistemology , ecology , philosophy , finance , biology
Operating a complex competition policy, the EU intends to ensure undistorted competition within the Single Market. Today, with competition being increasingly necessary for Europe in order to combat the challenges of globalisation, the global crisis has shed light on some of the existing weaknesses in the system, especially regarding consumer welfare. In this article, the author brings to light the importance of implementing an economic approach to competition policy. This approach offers more consumer protection as well as giving businesses the opportunity to freely choose the most profitable commercial practices available to them
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