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Increasingly, EU market regulation measures have been introduced in
the pursuit of economic justice and welfare. This book illustrates
how regulation can help to prevent the abuse of dominance, in
particular the abuse of public capital by the state. Comprehensive
and interdisciplinary, this book presents the theory of regulation
in a highly accessible manner. It explains that whilst the state's
ability to make major investments, compete with the private sector
and target subsidies may be necessary in supporting infrastructure,
the wasteful allocation of public monies can also do immense harm
by crowding out private investments, distorting private incentives,
and helping to foreclose markets. Against this background,
Christian Koenig and Bernhard Von Wendland discuss the strengths
and weaknesses of EU regulation in the area of competition in the
Internal Market, considering both private and public economic
activities and market interventions and providing further analysis
in light of global competitive pressures. Contemporary and
practical, this book will appeal to academics, students and
practitioners interested in regulation both in and outside of the
EU. Decision-makers, lawmakers and politicians will also benefit
from its strong focus on better law making and regulation in order
to promote social welfare.
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