A comparative assessment of methodologies used to evaluate competition policy

Ormosi, Peter and Davies, Stephen (2012) A comparative assessment of methodologies used to evaluate competition policy. Journal of Competition Law and Economics, 8 (4). pp. 769-803. ISSN 1744-6422

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    Abstract

    Research by academics and competition agencies on evaluating competition policy has grown rapidly during the last two decades. This paper surveys the literature in order to (i) assess the fitness for purpose of the main quantitative methodologies employed, and (ii) identify the main undeveloped areas and unanswered questions for future research. It suggests that policy evaluation is necessarily an imprecise science and that all existing methodologies have strengths and limitations. The areas where the need is most pressing for further work include: understanding why Article 102 cases are only infrequently evaluated; the need to bring conscious discussion of the counterfactual firmly into the foreground; a wider definition of policy to include success in deterrence and detection. At the heart of the discussion is the impact of selection bias on most aspects of evaluation. These topics are the focus of ongoing work in the CCP.

    Item Type: Article
    Faculty \ School: Faculty of Social Sciences > Norwich Business School
    Faculty of Social Sciences > School of Economics
    Depositing User: Peter Ormosi
    Date Deposited: 07 Apr 2011 13:39
    Last Modified: 12 Mar 2019 00:42
    URI: https://ueaeprints.uea.ac.uk/id/eprint/28401
    DOI: 10.1093/joclec/nhs025

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