Ex Post Economic Evaluation of Competition Policy: The EU Experience (eBook)

Ex Post Economic Evaluation of Competition Policy contributes to a better knowledge of the economic impact of this policy, which is essential for the good functioning of the internal market in the European Union. Competition authorities are increasingly interested in understanding the impact of their activities on markets and consumers. The goal is to improve competition policy rules and decision-making practices and to get robust evidence on the benefits of competition and competition policy for society as a whole. Discussions with competition authorities, practitioners and academics have shown the need to take stock of the experience gained in this field by the European Commission and to present it in an easily accessible way.

What’s in this book:

The studies collected in this volume – prepared by senior Commission officials and competition policy experts – range from the ex post evaluation of specific policy interventions to the assessment of the broader impact of competition policy. The issues and topics examined include the following:

• objectives and scope of evaluations by the European Commission
• description of counterfactual evaluation techniques that are used
• conditions for a successful ex post evaluation of a competition policy intervention
• a wide selection of individual cases covering a variety of economic sectors
• applications in merger control, antitrust and State aid
• direct benefits of competition policy interventions for consumers
• deterrent effects of such interventions on market participants, and
• macroeconomic outcomes in terms of job creation, productivity and GDP growth

By presenting a collection of robust ex post evaluations on a wide range of topics, this book sets out the path for future development of ex post evaluation in the competition policy domain.

How this will help you:

This matchless book assembles within a single volume all that is needed for competition policy analysts and practitioners to undertake ex post economic evaluations. While its collection of state-of-the-art ex post evaluation studies has a clear value for competition authorities, it is sure to be welcomed as well by competition law practitioners in the private sector, who will greatly appreciate the effort made to cast a critical eye on decisions made in the past. Moreover, it allows for addressing some of the new challenges facing competition policymakers.