Abstract
If market structure can lead to consumer exploitation, then governments should intervene to remedy this. The chapter begins by considering UK and European legislation, concerning first structure and then firms’ conduct. In doing this it considers a number of specific examples of government intervention and looks in particular at mergers and monopoly legislation. Restrictive trade practices are another potential source of market failure and, again, European as well as UK examples are discussed. The chapter ends with a critique of policy. (Note that competition policy as it relates to the privatized utilities is discussed in the next chapter.)
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© 1998 Frank Livesey
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Livesey, F. (1998). Competition Policy. In: Atkinson, B., Livesey, F., Milward, B. (eds) Applied Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-14250-7_5
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DOI: https://doi.org/10.1007/978-1-349-14250-7_5
Publisher Name: Palgrave, London
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