Abstract
Two positive effects are expected of competition in a free market economy: to promote an efficient allocation of productive resources and technical progress. What can then be the role of a superior authority in charge of enforcing the rules of competition when the economic activity relies on private initiative? Is the intervention of such authority even necessary if, as some people think, competition rivalry is not only natural but also unavoidable in society?
Analytical foundations and illustration based on the EEC case.
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© 1998 Springer-Verlag Berlin · Heidelberg
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Glais, M. (1998). Competition Policy. In: Arena, R., Longhi, C. (eds) Markets and Organization. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-72043-7_24
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DOI: https://doi.org/10.1007/978-3-642-72043-7_24
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-63810-0
Online ISBN: 978-3-642-72043-7
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