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Competition Policy's Social Paradox: Are We Losing Sight of the Wood for the Trees?

Chirita, Anca Daniela

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Abstract

The present contribution seeks to provide a normative justification for the better consideration of employment and its negative social consequences in the area of mergers. First, it challenges the widespread rhetoric of competition policy when advancing economic efficiency as a goal of competition policy. Second, it argues that the promotion of efficiency-driven, fierce competition comes at the expense of other sensible social values, such as job creation. As evidenced by statistics, this contribution unravels how job cuts follow from mergers and acquisitions. It argues (i) in favour of an overhaul of the efficiency defence with the aim of focusing more actively on job creation, or at least on balancing the number of job cuts with the number of newly created jobs and (ii) against anti-competitive practices such as social dumping and camouflage.

Citation

Chirita, A. D. (2018). Competition Policy's Social Paradox: Are We Losing Sight of the Wood for the Trees?. European Competition Journal, 14(2-3), 367-416. https://doi.org/10.1080/17441056.2018.1533366

Journal Article Type Article
Acceptance Date Oct 4, 2018
Online Publication Date Oct 10, 2018
Publication Date Oct 10, 2018
Deposit Date Sep 25, 2018
Publicly Available Date Apr 10, 2020
Journal European Competition Journal
Print ISSN 1744-1056
Electronic ISSN 1757-8396
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 14
Issue 2-3
Pages 367-416
DOI https://doi.org/10.1080/17441056.2018.1533366
Related Public URLs https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3253029

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