@techreport{Krakowski2005Competition,
abstract = {This paper explores the relationship between competition policy, experience of the application
of competition policy, the intensity of local competition and the standard of
living. Perception data from the World Economic Forum is used to measure the intensity
of local competition. Richer and larger countries in general introduce competition
policy earlier than smaller and poorer countries, and industrialized countries earlier than
Latin American, African, transition and Asian countries, in this order. A regression
analysis for a sample of 101 countries reveals that experience and overall government
effectiveness explain a substantial part of the perception of the effectiveness of antitrust
policy. During the first years of (new) competition legislation the effectiveness of application
improves rapidly, whereas very old competition agencies make little further improvement
of their application performance after a certain time. The effectiveness of
antitrust policy has a significant influence on the intensity of local competition. The size
of the economy also has a significant impact on the intensity of local competition,
whereas external protection does not. These results indicate that competition legislation
and experience of the application of competition legislation have a large impact on the
level of competition in an economy, whereas the influence of external protection is not
clear. In countries with a high intensity of local competition the standard of living is
higher than in countries with a low intensity of local competition.},
author = {Michael Krakowski},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {K21; L40; 330; Competition Policy; Effectiveness of legal instruments; Wettbewerbspolitik; Konzentrationspolitik; Wirtschaftspolitische Wirkungsanalyse; Wettbewerb; Lebensstandard; Sch\"{a}tzung; Welt},
language = {eng},
number = {332},
title = {Competition Policy Works: The Effect of Competition Policy on the Intensity of Competition - An International Cross-Country Comparison},
type = {HWWA Discussion Paper},
url = {http://hdl.handle.net/10419/19300},
year = {2005}
}
