Financial assets, such as saving depostis, investments in equity, shares and bonds, form an important part of overall wealth of households, and are an important source of revenue, either through the sales of these assets, or as a source of property income (such as interest and dividends)....

Standards in competition policy, such as the consumer welfare standard or the protecting competition standard, are the subject of considerable debate. This paper considers the relative advantages and disadvantages of alternative standards by first identifying their desirable attributes and then...