In the European Union (EU), competition policy occupies a central
place amongst other EU public policies and is the first truly
supranational public policy regulating market competition. One of
the stated objectives of EU competition policy is to prevent
excessive concentration of economic power in the hands of a few.
This book investigates the political economy of EU competition
policy by taking the European telecommunications industry as a case
study. Baskoy argues that the EU competition policy has failed to
achieve its objectives of preventing excessive market concentration
in the telecommunications industry over the past quarter-century.
He takes the controversial view that EU competition policy foremost
promotes an industrial policy that fosters the profitability of
European firms. Moreover, Baskoy argues that EU competition policy
is short of adequate theoretical and conceptual capacities to
comprehend the working dynamics of market competition and the
market behavior of firms. This exceptional book will be of interest
to scholars of Politics, Economics, Business, and International
Relations and Policies.
General
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