scholarly journals The Legitimacy of European Union Competition Policy and the Role of Consumers

2019 ◽  
Vol 2019 (39) ◽  
pp. 153-172
Author(s):  
Hikaru YOSHIZAWA
2010 ◽  
Vol 6 ◽  
pp. 310-323
Author(s):  
Janina Pach ◽  
Mieczysława Solińska

Small and medium enterprises (SME) play an important role both in Poland and other countries of the European Union. Their contribution both as a percentage of the total number of enterprises, in general employment and in the production of particular products and gross domestic product confirms their importance for economy.The role of SME in Poland would be greater if the indicator of their activity (which is now below 50%) was higher, and the sustainability of SME’s was improved. Moreover, the crucial condition for enlargement of SME’s importance is the improvement of their investment capacity and increasing expenditure on research and development in this sector. About 50% of entrepreneurs fail to make any investments and do not conduct any research that determine national and international competitiveness. There are many reason for this situation, especially financial limitations, which can be supplemented by state aid. However, there are some restrictions on supporting SME’s by government as a result of the Common European Competition Policy. One of its basic rules is prohibition of state aid that deforms and limits competition, which is a base of economic development. In this situation state aid is allowed only on condition that its implementation does not restrict competition. The size and type, conditions and circumstances of state aid and its duration are precisely stipulated by the regulations.


2020 ◽  
pp. 631-640
Author(s):  
Marios Costa ◽  
Steve Peers

This chapter examines the competition policy in the European Union (EU), discusses the economics of the social market, and describes the structure and objectives of EU competition provisions and policy. The chapter focuses on Articles 101 and 102 TFEU and covers the basic principles established by Regulation 1/2003. It highlights the decentralisation of the enforcement of competition policy. It also explores policies on competition with third countries. The chapter highlights the complexities that can arise when law and economics interact and reveals the difficult role of the Court of Justice (CJ) to make complex assessments of economics.


Author(s):  
Margrethe Vestager

The fundamental provisions of EU competition policy have remained virtually intact for sixty years, attesting to their flexibility and continued relevance. Their enforcement in particular focused on protecting the internal market and —in the case of antitrust and mergers— consumer welfare. They have also served the EU’s wider policy goals; for example, they directly support several of the current Commission’s top priorities such as jobs, growth and investment and the single market (including the digital single market and the energy union). Increasingly, research demonstrates the macroeconomic benefits of competition policy, such as productivity, growth, employment and inequality reduction.  


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