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Competition Policy in the EUFifty Years on from the Treaty of Rome$
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Xavier Vives

Print publication date: 2009

Print ISBN-13: 9780199566358

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780199566358.001.0001

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The Design of Competition Policy Institutions for the Twenty-first Century: The Experience of the European Commission and the Directorate-General for Competition

The Design of Competition Policy Institutions for the Twenty-first Century: The Experience of the European Commission and the Directorate-General for Competition

Chapter:
(p.21) 2 The Design of Competition Policy Institutions for the Twenty-first Century: The Experience of the European Commission and the Directorate-General for Competition
Source:
Competition Policy in the EU
Author(s):

Philip Lowe

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199566358.003.0002

This chapter provides an overview of the components that are considered necessary for a modern framework for competition policy. It summarizes how over the last years the European Union has modernized the legal instruments of competition policy in the areas of antitrust, merger control, and state aid control in order to allow for a more economic approach, to increase transparency, and to improve predictability. The chapter also explains how DG Competition has improved its mission, objectives, internal structures, and processes to align these more closely with the requirements of a modern competition policy institution. In particular, it discusses the benefits of prioritization, a more sectoral organization, a project-based allocation of resources, the setting up of peer-review panels, measuring performance and impact and demonstrating the added value of competition policy to citizens. It argues that competition authorities must constantly re-assess the components that are decisive for their functioning in the light of changes in their environment.

Keywords:   antitrust, merger control, state aid control, DG Competition, peer-review panels, performance

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