Tuesday, April 26, 2011
Posted by D. Daniel Sokol
Pieter Kalbfleisch (Netherlands Competition Authority) is Aiming for Alliance: Competition Law and Consumer Welfare.
ABSTRACT: An important question is whether improving consumer welfare is, or should be, an explicitly-stated goal of competition law enforcement. In addressing this question, we must focus, concretely, on what consumer welfare means in competition law enforcement, and on whether it can be quantified. A suggestion is to integrate the standard in the theory of harm and to use it to measure the outcome of competition authorities' interventions.