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Antitrust And Democracy: Perspectives From Efficiency And Equity

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  • Tay-Cheng Ma

Abstract

This article estimates a simultaneous equations model to explore the linkages between antitrust and democracy in a cross-country dataset for 109 countries from 1996 to 2011. The model is specified to decompose the total effect of antitrust on democracy into two channels: one through efficiency and the other through equity. The model's purpose is to identify whether and how antitrust affects democracy through these two variables. The model's results suggest that equity (improving income distribution) rather than efficiency (promoting economic development) serves as the main channel through which antitrust influences democracy. However, even if improving income distribution by protecting consumers and small businesses is the channel through which antitrust safeguards political democracy, its effect is very small. Therefore, the goal of improving income distribution to promote democracy should fall into the realm of taxation and transfer payments rather than antitrust.

Suggested Citation

  • Tay-Cheng Ma, 2016. "Antitrust And Democracy: Perspectives From Efficiency And Equity," Journal of Competition Law and Economics, Oxford University Press, vol. 12(2), pages 233-261.
    • Handle: RePEc:oup:jcomle:v:12:y:2016:i:2:p:233-261.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhw001
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    Cited by:

    1. Boris Begović & Dušan Popović, 2019. "Merger Control and Economic Growth of LDCs: Some Observations and Recommendations," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 54(2), pages 381-408, March.

    More about this item

    JEL classification:

    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations

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