The Inadequacy of Competition Policies: A New Institutional Approach

Claude Menard

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Abstract: This paper discusses the inadequacy of competition policy to non-standard modes of organization that Williamson indetified as 'hybrid forms'. It is argued that inadequate policies are pushing transaction costs upwards and may have counter-productive effects, pushing towards more integration and more market power.

Keywords: New institutional economics; competition policies (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (1)

Published in M. Oppenheimer and N. Mercuro. Law and Economics: AlternativeEconomic Approaches to Legal and RegulatoryIssues, New York: M.E. Sharpe, pp.27-54, 2005

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00276862

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