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Comparative European Politics

, Volume 12, Issue 3, pp 343–365 | Cite as

Delegation and varieties of capitalism: Explaining the independence of national competition agencies in the European Union

  • Mattia Guidi
Original Article

Abstract

This article aims to explain why, despite the fact that all national competition authorities (NCAs) in EU member states enforce the same law, relevant differences exist in the degree of independence that these agencies enjoy. The author advances an original theoretical framework according to which the decision on the independence of NCAs depends on the structure of the economic system of a country. In particular, it is hypothesized that the means by which firms operate in the national market affects the tendency of national legislators to delegate more or less independence to the NCA. The statistical analysis carried out shows that both countries with low and high levels of employer density tend to have less independent competition authorities than those of other countries. On the one hand, the findings support the argument, advanced by varieties-of-capitalism scholars, that liberal market economies and coordinated market economies achieve greater efficiency than mixed market economies. On the other, the expectation that all institutional choices should be coherent with the firms’ coordination method is not confirmed.

Keywords

agencies competition credibility independence varieties of capitalism 

Notes

Acknowledgements

The author wants to thank Adrienne Héritier, Yannis Karagiannis, Igor Guardiancich and three anonymous CEP reviewers for their helpful comments.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Ltd 2013

Authors and Affiliations

  • Mattia Guidi
    • 1
  1. 1.Collegio Carlo AlbertoItaly

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