Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 371853
Title The Economic Effect of Competition Law enforcement: the case of the Netherlands
Author(s) Sinderen, J.; Kemp, R.G.M.
Source De Economist - Quarterly Review of The Royal Netherlands Economic Association 156 (2008)4. - ISSN 0013-063X - p. 365 - 385.
DOI https://doi.org/10.1007/s10645-008-9100-7
Department(s) Management Studies
MGS
Publication type Refereed Article in a scientific journal
Publication year 2008
Keyword(s) antitrust policy - consumer welfare - mergers - model
Abstract In this paper we try to bridge the gap between the outcome ambitions of competition policy in terms of welfare gains and consumer surplus and the longer term effects of competition policy on growth and employment. First of all, an overview is given of the different definitions of welfare. We explain why maximising the consumer surplus is an important part of the mission statement for most competition authorities. In the second part of the paper we estimate the impact of the introduction of the competition law on economic development. The effects of antitrust policies, merger control and energy regulation on the consumer surplus appear substantial. This increase in consumer surplus can be interpreted as a cut in the ¿market power wedge¿ which, from a modelling point of view, is comparable to a cut in the tax wedge. A model simulation for the Netherlands shows that the economy responded positively to this increase in the consumer surplus. We find that production has grown by an extra 0.5% and that employment has increased by 0.4% as a result of the enforcement of the Competition Law
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