Wider Benefits of Competition Policy and Enforcement

Summary

The UK's Competition and Markets Authority (CMA) recognizes the challenge in precisely measuring the wider, indirect benefits of its competition policy and enforcement efforts. To address this, the CMA conducted a literature review synthesizing recent academic research on how competition policies impact innovation, productivity, economic growth, and welfare. The review concludes that competition enforcement provides substantial wider benefits, with indirect effects, such as deterrence, often significantly exceeding direct impacts, although exact quantification remains difficult.

Key Facts

Source Document

https://example-government.gov/policy-document-link