By William E. Kovacic and Marianela Lopez-Galdos
Studying the lifecycles of competition systems can assist existing competition agencies to understand what they must do to improve performance, and it can help new adopters to anticipate what they will face in establishing a competition policy system. The analysis of the lifecycle of competition systems reveals that managing expectations on what a competition agency might be able to accomplish and patiently building on institutional reputation are key elements to a success path.
