discretionary competition policy

discretionary competition policy

an approach to the control of MARKET STRUCTURE and MARKET CONDUCT that involves the individual examination of, for example, MERGERS, RESTRICTIVE TRADE AGREEMENTS and practices, etc., in terms of their advantages and disadvantages in order to determine whether or not their economic effects are, on balance, beneficial or harmful. See COMPETITION POLICY, WILLIAMSON TRADE-OFF MODEL, PUBLIC INTEREST.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005