The Normative Foundations of European Competition LawDOI: 10.4337/9781786436078.00004 View full text
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Abstract: Preface Everybody agrees that competition policy is beneficial for the economy. We all know that competition helps keep prices down and stimulates innovation, growth and consumer choice. Yet it is here where the consensus dissolves. Various visions on the very phenomenon of competition as well as its role in a broader set of economic policies have competed fiercely for many decades. The area of competition law, economics and policy is known for its hot discussions among the proponents of different views and th…

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