Why environmental protection goals should play a role in EU competition policy: a governance argument

Kingston, Suzanne

doi:10.1017/cbo9780511758522.008

Cited by 1 publication

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“…Tony Atkinson has argued for public policy to aim at a proper balance of power among stakeholders, and in particular suggested the integration of explicitly distributional dimension into competition policy, among some of his proposals for limiting the growing inequality. 290 A recent report of the Council of Economic Advisers to the White House published in April 2016 tracks the rise of the concentration of various industries in the United States and notes that the "majority of industries have seen increases in the revenue share enjoyed by the 50 largest firms between 1997 and 2012." 291 Is increasing economic concentration leading to higher degrees of inequality of wealth?…”

Section: A Is There a Link Between Economic Power/market Distortionsmentioning

confidence: 99%

Competition Law as a Form of Social Regulation

Lianos

2020

The Antitrust Bulletin

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For a long time considered a fringe topic, of interest for developing and emergent economies, the question of inequality and poverty has recently taken center stage in mainstream competition law scholarship in the developed countries. Some of this literature deplores the current state of competition law, which has largely ignored this issue, and argues for a different paradigm that would actively engage with economic inequality and its causes. Taking a social contract perspective, and noting the hybrid nature of competition law, which is a tool of economic order, but also a form of social regulation, this study explores the main difficulty in enriching competition law with equity concerns: the economic foundations of mainstream competition law in welfare economics and the crucial separation of the economic efficiency dimension from that of distributive justice. It then examines alternative traditions in economic thought, which are more compatible with an egalitarian perspective. It then turns to the institutional question, exploring the various instruments that governments dispose in order to equalize, and the respective role of more conventional tools against inequality, such as taxation, concluding that the institutional argument against equity concerns in competition law does not stand serious scrutiny. It also critically engages with the argument that there is a trade-off between equality and efficiency, and again concludes that this argument does not stand serious scrutiny. The final part revisits the thorny question of what is to be equalized. Drawing on the idea of “complex equality,” it presents the contours of a fairness-driven competition law.

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Section: A Is There a Link Between Economic Power/market Distortionsmentioning

confidence: 99%

Competition Law as a Form of Social Regulation

Lianos

2020

The Antitrust Bulletin

View full text Add to dashboard Cite

show abstract

Why environmental protection goals should play a role in EU competition policy: a governance argument

Cited by 1 publication

References 64 publications

Competition Law as a Form of Social Regulation

Competition Law as a Form of Social Regulation

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