July 8, 2024Open Access

Competition policy and the consumer welfare standard

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Abstract

Abstract This paper, which was given as the 2024 Bellamy Lecture, reviews the law and economics of the consumer welfare standard in competition policy, particularly in relation to mergers and abuse of dominance. With qualifications relating to input markets, the consumer welfare approach is defended against arguments for its relaxation, and against contrary criticisms that it is unduly permissive.

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Cite This Study

John Vickers (Mon,) studied this question.

synapsesocial.com/papers/68e61080b6db6435875a32ba https://doi.org/https://doi.org/10.1093/jaenfo/jnae038

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

1The Consumer Well-Being Standard – Using Capability Economics to Conceptualize the Protection of Consumer Choice in (Digital) Competition Law2025
2Beyond consumer welfare: responsive priority-setting in the public interest in competition law enforcement2026
3Rethinking competition policy: from consumer welfare to inclusive productive development2026
4Economic Principles for the Enforcement of Abuse of Dominance Provisions2024 · 2 citations
5Competition Law and Public Interest: A Challenge for Adjudication2026

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