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Article
Size Does Matter: General Policy Prescriptions for Optimal Competition Rules in Small Economies
University of Southern California Law Review (2001)
  • Michal Gal, University of Haifa
Abstract

For the most part, competition policy literature focuses on large economies. Yet the economic paradigms on which such competition policies are based do not necessarily apply to the many small market economies that exist around the world. As this paper argues, the size of an economy necessarily affects the optimal competition policy that should be adopted by it. The paper demonstrates the effects of market size both on rules of thumb used in competition policy as well as on more general policy prescriptions, such as policy goals, trade-offs and remedial tools. The implications of this article extend beyond domestic competition policy to the evaluation of the current global drive towards the world-wide harmonization of competition policies.

Publication Date
2001
Citation Information
Michal Gal. "Size Does Matter: General Policy Prescriptions for Optimal Competition Rules in Small Economies" University of Southern California Law Review Vol. 74 (2001)
Available at: http://works.bepress.com/michal_gal/21/