‘Outcome’ Assessment: What Exactly Are We Measuring? A Personal Reflection on Measuring the Outcomes from Competition Agencies’ Interventions
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The UK and Dutch competition agencies were pioneers in Europe in publishing annual assessments of the ‘outcomes’ from their work. These countries had new competition laws to report on and a strong culture of public sector evaluation. Other countries have followed, with different approaches but enough common ground for OECD to develop a standard methodology. However, the measures are simplistic: they miss many important aspects of ‘outcomes’. I nonetheless argue that these assessments are worth carrying out but they should be recognised for what they are: a rather sophisticated measure of agency activity, rather than a simplistic assessment of outcomes.
KeywordsCompetition Evaluation Antitrust Impact assessment
JEL ClassificationL40 H83
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