The benefit of competition law in Europe is thousands of billions each year.

European Commission published a report recently where the benefits of the interventions of the Commission's Competition Directorate are assessed
over the ten-year period from 2012 to 2021. It is estimated that the direct benefit was on
the period amounted to between 12 and 21 billion euros per year, or equivalent to
about two to three thousand billion kroner.

The Executive Board began annual benefit measurements in 2012 and
The decade covered by the measurements amounts to
The estimated total benefit of competition supervision is between 18 and 30 trillion.
króna. Although the estimated total return is within a fairly wide range, the estimate
however, indicates the extent of the benefit. The benefit assessment takes into account instructions
Organisation for Economic Co-operation and Development on the assessment of the direct effects of competition authority interventions and
A scholarly discussion on the assessment of the benefits of competition policy.

By direct benefits, reference is made to the likely increase in price which
Intervention by the European Commission's competition department prevented the takeover.
period in the market or markets where the effects of intervention were felt. The assessment is
is limited in that it does not take into account the effect of deterrence.
deterrence effect) competition law or competition supervision or the effect of interventions on
other factors such as quality, innovation and productivity. In the opinion of the European Commission
These factors probably weigh more than the direct benefit, but on the other hand, there are difficulties
bound to assess them. Therefore, it can be said that the figures which the Commission
The benefits to consumers revealed in the report are only the tip of the iceberg.
of robust competition oversight.

The Competition Authority has applied the OECD methodology to assess
benefits from its components, but not in a regular way. Work on the improved
An evaluation is currently underway, and it is subsequently intended to update this assessment annually.,
as is, for example, set out in report
The National Audit Office on the activities of the Competition Authority. The Competition Authority will give interested parties an opportunity to make submissions.
views on the benefit assessment.