A comparative assessment of methodologies used to evaluate competition policy

Davies, Stephen W. and Ormosi, Peter L. ORCID: https://orcid.org/0000-0001-6472-6511 (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 > School of Economics Faculty of Social Sciences > Norwich Business School
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Industrial Economics Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Responsible Business Regulation Group
Depositing User:	Peter Ormosi
Date Deposited:	07 Apr 2011 12:39
Last Modified:	14 May 2023 17:30
URI:	https://ueaeprints.uea.ac.uk/id/eprint/28401
DOI:	10.1093/joclec/nhs025

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