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Business Articles Awards > General Antitrust

Measuring the contribution of EU competition policy to economic well-being

Fabienne Ilzkovitz, Adriaan Dierx, CPI Europe Column, November 2017

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The poorest in society may be most affected by the higher prices and lower quality and choice resulting from a lack of competition. The tools of competition policy (including merger and cartel control) allow countering the actions taken by companies to reduce effective competition in the markets. These tools “should contribute to steering innovation and making markets deliver clear benefits to consumers, businesses and society as a whole”. Increased evidence and a more in-depth analysis of the broader impact of competition policy interventions by the European Commission would help convince the larger public about the benefits of such interventions for the society as a whole.

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