The effectiveness of Greek antitrust policy: A comparative study

Abstract

[Δε διατίθεται περίληψη / no abstract available] ; The present paper explores the probable effectiveness of theGreek antimonopoly legislation in achieving its stated objective ofimproving the competitive forces in the Greek economy.It does so by providing a brief discussion of the relevanteconomic theory underlying antitrust policies, as well as an examinationof the legal rules, methods and machinery required forthe proper enforcement of such policies.After an outline of the key substantive points of the new Greeklegislation there follows a summary discussion of the developmentand workings of similar policies in the US, UK and EEC and abrief critique of such policies.The paper ends with an evaluation of the prospects of the Greeklegislation to be an effective tool for the promotion of competitionin Greece, by reference to both the preceding discussion and factorsspecific to the Greek economy, and concludes that the newpolicy is unlikely to herald the rise of more competition in Greece.Greek businessmen need not lose their sleep on account of thatpolicy.