Does Antitrust Policy Promote Market Performance and Competitiveness? is a new project of the Columbia Global Policy Initiative led by Columbia University Professors Anu Bradford and Sharyn O’Halloran.
Over the past three decades, antitrust laws have proliferated across the globe. International institutions and governments have promoted antitrust policy as an important regulatory tool to enhance competitiveness and market performance. However, there is scant empirical evidence that these policies actually work and that their adoption promotes an efficient use of scarce public resources. This project seeks to provide a solid theoretical and empirical foundation for this policy question. The project will develop a novel dataset on antitrust laws and enforcement across time and jurisdictions. The study offers a major contribution to policymakers who need to understand the benefits of these laws, and the elements of the laws or enforcement actions that have the greatest impact on competitiveness. The project will also test how optimal design of antitrust policy depends on variables, such as a country’s level of development and existing governance infrastructure.
Support from the National Science Foundation and the Columbia Global Policy Initiative