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Published in:
1998 | OriginalPaper | Chapter
Competition Policy
Author : Michel Glais
Published in: Markets and Organization
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Two positive effects are expected of competition in a free market economy: to promote an efficient allocation of productive resources and technical progress. What can then be the role of a superior authority in charge of enforcing the rules of competition when the economic activity relies on private initiative? Is the intervention of such authority even necessary if, as some people think, competition rivalry is not only natural but also unavoidable in society?