The effects of competition law on inequality-an incidental by-product or a path for societal change?
Rising economic inequality presents society with unprecedented challenges. Direct instruments designed to address these worrying trends have often under performed. As a result, we find ourselves on a potentially dangerous and downward path. In this article we explore whether, in parallel to other ef...
| Main Authors: | , , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
Oxford University Press
2022
|
| _version_ | 1826310744262574080 |
|---|---|
| author | Ezrachi, A Zac, A Decker, C |
| author_facet | Ezrachi, A Zac, A Decker, C |
| author_sort | Ezrachi, A |
| collection | OXFORD |
| description | Rising economic inequality presents society with unprecedented challenges. Direct instruments designed to address these worrying trends have often under performed. As a result, we find ourselves on a potentially dangerous and downward path. In this article we explore whether, in parallel to other efforts to mitigate the rise of inequality, there can be a role for competition law in the quest to reduce the widening inequality gap. We begin by outlining the possible relationship between competition law enforcement, market power, and economic inequality. We supplement the theoretical discussion with a review of empirical analysis of these linkages. We look at macro and micro data and emphasize the role of labour compensation as a key mechanism which links competition law enforcement, competition dynamics, and economic inequality. We then reflect on the policy implications and possible means to utilize competition enforcement in a manner that could reduce economic inequality. |
| first_indexed | 2024-03-07T07:57:58Z |
| format | Journal article |
| id | oxford-uuid:b7bc9fde-9c32-425d-9f06-6a48cfade742 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:57:58Z |
| publishDate | 2022 |
| publisher | Oxford University Press |
| record_format | dspace |
| spelling | oxford-uuid:b7bc9fde-9c32-425d-9f06-6a48cfade7422023-08-25T08:05:27ZThe effects of competition law on inequality-an incidental by-product or a path for societal change?Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:b7bc9fde-9c32-425d-9f06-6a48cfade742EnglishSymplectic ElementsOxford University Press2022Ezrachi, AZac, ADecker, CRising economic inequality presents society with unprecedented challenges. Direct instruments designed to address these worrying trends have often under performed. As a result, we find ourselves on a potentially dangerous and downward path. In this article we explore whether, in parallel to other efforts to mitigate the rise of inequality, there can be a role for competition law in the quest to reduce the widening inequality gap. We begin by outlining the possible relationship between competition law enforcement, market power, and economic inequality. We supplement the theoretical discussion with a review of empirical analysis of these linkages. We look at macro and micro data and emphasize the role of labour compensation as a key mechanism which links competition law enforcement, competition dynamics, and economic inequality. We then reflect on the policy implications and possible means to utilize competition enforcement in a manner that could reduce economic inequality. |
| spellingShingle | Ezrachi, A Zac, A Decker, C The effects of competition law on inequality-an incidental by-product or a path for societal change? |
| title | The effects of competition law on inequality-an incidental by-product or a path for societal change? |
| title_full | The effects of competition law on inequality-an incidental by-product or a path for societal change? |
| title_fullStr | The effects of competition law on inequality-an incidental by-product or a path for societal change? |
| title_full_unstemmed | The effects of competition law on inequality-an incidental by-product or a path for societal change? |
| title_short | The effects of competition law on inequality-an incidental by-product or a path for societal change? |
| title_sort | effects of competition law on inequality an incidental by product or a path for societal change |
| work_keys_str_mv | AT ezrachia theeffectsofcompetitionlawoninequalityanincidentalbyproductorapathforsocietalchange AT zaca theeffectsofcompetitionlawoninequalityanincidentalbyproductorapathforsocietalchange AT deckerc theeffectsofcompetitionlawoninequalityanincidentalbyproductorapathforsocietalchange AT ezrachia effectsofcompetitionlawoninequalityanincidentalbyproductorapathforsocietalchange AT zaca effectsofcompetitionlawoninequalityanincidentalbyproductorapathforsocietalchange AT deckerc effectsofcompetitionlawoninequalityanincidentalbyproductorapathforsocietalchange |