On Economic Rationale of Competition Policy

• Autores: Flavia Cortelezzi
• Localización: Language and Law: the Role of Language and Translation in EU Competition Law / Silvia Marino (ed. lit.), Łucja Biel (ed. lit.), Martina Bajčić (ed. lit.), Vilelmini Sosoni (ed. lit.), 2018, ISBN 978-3-319-90905-9, págs. 9-25
• Idioma: inglés
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• Resumen

  • The aim of this contribution is to briefly explore the economic foundation of competition policy and its main goals established in the European Union. The economic rationale of competition policy lies in teleological and deontological theories and its main objectives are consumer welfare, society welfare and an efficient allocation of resources. Another type of efficiency goal regards a pluralistic market or a free market, on which everyone can compete. We conclude discussing the non-efficiency goals, which are nowadays at the heart of the debate.