Competition Policy: History, Theory and Practice

Part 1 Aims and scope of competition policy: competition in a market economy horizontal concentration undermining competition through laissez-faire approaches to competition policy in the US, Germany and the European Union conclusion. Part 2 Industrial economics as foundation of competition policy: competition in oligopoly restraints of competition in oligopoly the structure-conduct-performance paradigm monopoly welfare loss conclusion. Part 3 Containing restraints of competition: collusion merger control abuse of monopolistic market power regulation, deregulation and privatizing conclusion. Part 4 The social framework and competition policy: freedom of competition and property rights competition policy and international trade policy financial markets and competition on goods markets public policy and competition policy conclusions.