VoxEU Video Financial Markets Industrial organisation Political Economy

Why do we need competition policy?

Competition policy matters to citizens because competition is the engine of a wealthy and well-functioning economy: it is key in keeping the prices of goods low and in driving business investments and innovation. At the CEPR’s June 2022 Paris Symposium, Tommaso Valletti, leader of the CEPR Competition Policy RPN, talked about his recent research on competition policy and looks at the relationship between market power and political power.