Wednesday, June 22, 2011
On the Normative Foundations of Competition Law: Efficiency, Political Freedom and the Freedom to Compete
Frank P. Maier-Rigaud, OECD Competition Division, European Commission, DG Competition, Max Planck Institute for Research on Collective Goods, Laboratory for Experimental Economics, University of Bonn, Indiana University Bloomington - Workshop in Political Theory and Policy Analysis provides thoughts on On the Normative Foundations of Competition Law: Efficiency, Political Freedom and the Freedom to Compete.
ABSTRACT: The advent of a more economic approach to EU competition law has spurred the most substantial debate on the normative justifications of competition law in recent history. Nevertheless, and despite a limited literature to the contrary, these are not times of fundamental debate concerning the ultimate aims of competition policy. This is evidenced by the limited practical importance of the normative foundations of competition law in the enforcement practice of competition authorities and even in policy debates.