This paper is an attempt to evaluate the conceptual relationship between two central elements of the theory of … antitrust: competition and consumer welfare. These two notions are analysed in their mutual dependency. The main purpose of this … paper is to show that both competition and consumer welfare are economic values of fundamental importance with no ex ante …

opening up markets to more competition has not yet resulted in either expected levels of competitiveness or in envisaged … context of market failures related to incoherent regulation and ineffective competition law enforcement and shows how poor … to the intersection between consumer protection and competition law. The discussion incorporates theoretical insights …

skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily …