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The Inadequacy of Competition Policies: A New Institutional Approach

Author

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  • Claude Ménard

    (ATOM - Analyse Théorique des Organisations et des Marchés - UP1 - Université Paris 1 Panthéon-Sorbonne)

Abstract

This paper discusses the inadequacy of competition policy to non-standard modes of organization that Williamson indetified as 'hybrid forms'. It is argued that inadequate policies are pushing transaction costs upwards and may have counter-productive effects, pushing towards more integration and more market power.

Suggested Citation

  • Claude Ménard, 2005. "The Inadequacy of Competition Policies: A New Institutional Approach," Post-Print halshs-00276862, HAL.
    • Handle: RePEc:hal:journl:halshs-00276862
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    Cited by:

    1. Donato, Ronald, 2010. "Extending transaction cost economics: Towards a synthesised approach for analysing contracting in health care markets with experience from the Australian private sector," Social Science & Medicine, Elsevier, vol. 71(11), pages 1989-1996, December.

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