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HomeIndustry concentration and competition policy
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Data on the five largest European countries’ last two decades show increasing average industry concentration, and an increasing share of high concentration industries. Aggregate profitability estimates also show an increasing trend. While imperfect market power proxies, the data overall are not inconsistent with increased market power. An intensive debate formed opposing views on potential causes. On the one hand, technological efficiency might favour larger firms and concentrating industries. On the other hand, some argue that anti-competitive behaviour and more lax competition enforcement could also be among the factors in play (on this, the debate is especially strong in the US). The evidence presented here does not answer such historical causal questions. However, the patterns do suggest that European competition enforcement has to stay vigilant, especially in the current post-crisis recovery when competition rules and strong enforcement have an essential role to play to support recovery and benefit the European economy.
- Opublikowano:
- Tematy Polityka konkurencji
- Temat: ograniczenia konkurencji , ożywienie gospodarcze , polityka konkurencji UE , prawo konkurencji , rentowność , rozwój technologii , wzrost gospodarczy
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| ISSN 2315-3113 | ISBN 978-92-76-43538-9 | DOI 10.2763/638501 | Numer katalogowy KD-AK-21-002-EN-N |
- Released on EU publications website:
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