Due to the growing influence of economics and economists in
competition law and policy discourse and the internationalization
of antitrust, the equity versus efficiency trade-off debate has
played a defining role in the transformation of the dominant
paradigm governing competition law enforcement since at least the
1970s. The debate remains crucial today as issues of economic
inequality and its interaction with efficiency become of central
concern to policy and decision-makers in competition law, as well
as in other spheres of public policy. Despite their central role in
the grammar of competition law on the global plane, the
intellectual underpinnings of the interactions between 'equity' and
'efficiency' in the context of competition law have never been
examined in-depth. This book aims precisely to fill this gap by
discussing new approaches in understanding the role of efficiency
and equity concerns in competition law.
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