Competition and competitiveness in a new economy

Handler, Heinz and Burger, Christina (2002): Competition and competitiveness in a new economy. Published in:

Abstract

This volume contains the proceedings of a discussion forum relating issues of competitiveness in a globalised world to European competition policies. It includes a view from Joseph E. Stiglitz on competition in the New Economy, an EU view on new developments of Community policies, and a national view of how to reform Austrian competition policy. Aspects of sectoral regulation are discussed with respect to the electricity, railway, postal services and financial services sectors as well as to the regulation of shop-opening hours. Globalisation has enhanced competition, but it has also encouraged collusion between companies which limits the degree of competition. This puts pressure on competition authorities to establish cross-country networks. In the EU, the decentralisation of enforcement activities should therefore be complemented by some institutionalised horizontal co-operation between national competition authorities.

• Item Type: MPRA Paper
• Language: English
• Keywords: Globalisation, competitiveness, European competition policy, competition authorities, network industries
• Subjects: D - Microeconomics > D4 - Market Structure, Pricing, and Design > D43 - Oligopoly and Other Forms of Market Imperfection; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F42 - International Policy Coordination and Transmission; F - International Economics > F6 - Economic Impacts of Globalization > F60 - General; K - Law and Economics > K2 - Regulation and Business Law; L - Industrial Organization > L4 - Antitrust Issues and Policies; L - Industrial Organization > L5 - Regulation and Industrial Policy

References

Aiginger, K. (1995), "Gibt es ein theoretisches Referenzmodell als Leitbild für die Wettbewerbspolitik?", Wirtschaftspolitische Blätter, Heft 6: 470-481.

Burger, C., Handler, H. (2001), "Vom Leistungserbringer zum Regulator - ein Paradigmenwechsel", in: Bundesministerium für Wirtschaft und Arbeit, Österreichs Außenwirtschaft 2000/01, Wien, März: 260-276.

Cecchetti, S.G. (1999), "The future of financial intermediation and regulation: an overview", Federal Reserve Bank of New York, Current Issues in Economics and Finance 5(8), May.

Clemenz, G., Inderst, G. (1989), "Ökonomische Analyse der Ladenöffnungszeiten", Wien, Manz-Verlag.

Elsenbast, W. (1999), "Universaldienst unter Wettbewerb", Baden-Baden, Nomos-Verlag.

Hildebrand, D. (2002), "The European School in EC competition law", World Competition 25(1): 3-23.

Monti, M. (2002), "Market definition as a cornerstone of EU competition policy", Finnish Competition Authority, Proceedings of a Workshop on Market Definition, Helsinki: 16-31.

OECD (2002), "Fighting hard-core cartels: harm, effective sanctions and leniency programmes", Paris.

Schneider, F. (2002), "Privatisierung und Deregulierung in Österreich in den 90er Jahren: Einige Anmerkungen aus Sicht der neuen politischen Ökonomie", in: Berg, H. (ed.), Deregulierung und Privatisierung: Gewolltes - Erreichtes - Versäumtes", Schriften des Vereins für Socialpolitik, Vol. 287, Berlin, Duncker&Humblot: 89-120.