Is more like Europe Better?: an Economic Evaluation of Recent Changes in UK Competition Policy

D. Hay

Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: The 1998 Competition Act represents a major change in the content and practice of competition policy in the United Kingdom, bringing it into line with European policy as practised under Articles 85 and 86. The paper presents an economic evaluation of the new provisions, and of the draft Guidelines issued by the Office of Fair Trading which indicate how the Office believes the policy should be applied. The paper concludes that there are likely to be substantial gains for policy in general, but suggests that the incorporation of Article 86 without amendment is likely to create difficulties

Keywords: COMPETITION; MARKET STRUCTURE; PUBLIC POLICY (search for similar items in EconPapers)
JEL-codes: D43 L40 (search for similar items in EconPapers)
Date: 1998

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Persistent link: http://EconPapers.repec.org/RePEc:oxf:wpaper:99204

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