- ASCOLA Competition Law series
Edited by Josef Drexl, Laurence Idot and Joël Monéger
Chapter 17: Efficiency in the Enforcement Policy of the French Conseil de la Concurrence
17. Eﬃciency in the enforcement policy of the French Conseil de la concurrence Bruno Lasserre* 1 INTRODUCTION 1.1 Deﬁning Eﬃciency I would like to open with a couple of thoughts on the meaning of the word ‘eﬃciency’. What does it mean to be eﬃcient? Certainly, being ‘eﬃcient’ is more than merely being ‘eﬀective’. Being ‘eﬀective’, or ‘eﬀectif’ in French, means being capable of producing eﬀects. Being ‘eﬃcient’ goes further than that. On the one hand, it means being capable of bringing about the desired eﬀects, of performing a predeﬁned task. In that sense, ‘eﬃcient’ corresponds to the French word ‘eﬃcace’. Yet, on the other hand, it also relates to how well one brings about these desired eﬀects, to how well one performs that task. In that sense, ‘eﬃcient’ corresponds to another French term: ‘eﬃcient’. This deﬁnition is reﬂected in economics. A basic economic view of eﬃciency is that a certain allocation is more eﬃcient when it increases the net value of resources. Now, I will not delve into the subtleties of Pareto or Kaldor-Hicks types of eﬃciency – it is not my place and I would not want to oﬀend serious economists. However, I would like to use the following basic deﬁnition of eﬃciency: one’s aptitude to perform one’s task with the least waste. And I would submit that this notion is the driving force...
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