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The Goals of Competition Law Debate and Competition Policy for Labor Markets

BY | January 23, 2020

In recent years there has been an upsurge of interest in competition policy applied to labor markets. But the development of a coherent competition policy for labor markets requires us…

In recent years there has been an upsurge of interest in competition policy applied to labor markets. But the development of a coherent competition policy for labor markets requires us to confront an old debate: What is the economic foundation of competition law? We argue that both the total welfare and consumer welfare standards are flawed. An often-proposed alternative (the “protection of the competitive process standard”) lacks a foundation in economic welfare principles and therefore pro

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