Competition Law and Economics Advances in Competition Policy Enforcement in the EU and North America
Advances in Competition Policy Enforcement in the EU and North America
Edited by Abel M. Mateus and Teresa Moreira
23. Economics in state aid: soon as routine as dentistry? Lowri Evans and Harold Nyssens1 I INTRODUCTION John Keynes famously hoped – a hope famous at least amongst economists – that economics would one day become as humble and routine as dentistry. As is well known, all this has not become reality. However, in the Commission, we are on the march to make economic analysis as much a routine in the analysis of state aid cases as it is already in the other main areas of competition policy, namely merger control and antitrust policy. The Commission has embarked, since 2005, on a sustained effort towards a renewed state aid policy. The four pillars of the State Aid Action Plan2 are by now well known: – – – less and better targeted state aid – a refined economic approach, as a means to achieve ‘less and better targeted state aid’; more effective and predictable rules and enforcement; a shared responsibility between the Commission and Member States. There has been quite some work done and there is still work in progress on all these fronts. Most recently, the Commission has adopted guidance documents in order to outline how it will realize in depth economic analysis of large training aid, social aid cases as well as the criteria to 1 The views expressed are personal to the authors and do not necessarily reflect those of the European Commission. The authors would like warmly to thank Vincent Verouden and Kevin Coates for assisting them in preparing this chapter. This chapter...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.