The Inadequacy of Competition Policies: A New Institutional Approach

Claude Ménard (1)

1 ATOM - Analyse Théorique des Organisations et des Marchés

This paper discusses the inadequacy of competition policy to non-standard modes of organization that Williamson indetified as 'hybrid forms'. It is argued that inadequate policies are pushing transaction costs upwards and may have counter-productive effects, pushing towards more integration and more market power.

Mots clés: New institutional economics; competition policies

Domaines: Economies et finances

Claude Ménard. The Inadequacy of Competition Policies: A New Institutional Approach. M. Oppenheimer and N. Mercuro. Law and Economics: Alternative
Economic Approaches to Legal and Regulatory
Issues, New York: M.E. Sharpe, pp.27-54, 2005. ⟨halshs-00276862⟩