The Welfare Standards of Anti-monopoly Control on Concentration of Business Operators:A Comparison Study and the Choice of China
Competition impairment and efficiency promotion are two factors need to be traded off during the anti-monopoly control on concentration for business operators.In this weighing process,the competition law enforcers have to face the issue of welfare standards which decide the attribution of benefits arising from competition and efficiency.By far,there are mainly three types of welfare standards that can be classified respectively as consumer surplus standard,total surplus standard and balancing weights standard. The treatment of the three welfare standards varies in economic theory and legal practices,and shows a dynamic development trend.In face of the multi-goals of the Anti-monopoly Law,a balancing weights standard that is society-based and consumer welfare-oriented is suitable for the anti-monopoly control on concentration of business operators in China.