Imports, entry, and competition law as market disciplines

By: Kee, Hiau Looi
Contributor(s): Hoekman, Bernard
Material type: TextTextSeries: Policy Research Working Paper, no. 3031Publisher: Washington, D. C. World Bank 2003Description: 30 p.Subject(s): Antritrust law | Barriers to entry | Competition | ImportsDDC classification: 338.82 Summary: Since the early 1990s numerous countries have adopted or strengthened competition legislation. Kee and Hoekman investigate the impact of competition law on industry markups over time and across a large number of countries. They find both domestic and foreign competition to be major sources of market discipline in concentrated markets, but that the direct effect of competition law is insignificant. However, once allowance is made for the endogeneity of both domestic competiton (number of firms) and the adoption of a competition law, the authors find that competition laws have an indirect effect on equilibrium markups by promoting a larger number of domestic firms. http://documents.worldbank.org/curated/en/683631468739477972/Imports-entry-and-competition-law-as-market-disciplines
Tags from this library: No tags from this library for this title. Log in to add tags.
    Average rating: 0.0 (0 votes)
Item type Current location Item location Call number Status Date due Barcode
Books Vikram Sarabhai Library
Slot 954 (0 Floor, East Wing) 338.82 K3I6 (Browse shelf) Available 155885

Since the early 1990s numerous countries have adopted or strengthened competition legislation. Kee and Hoekman investigate the impact of competition law on industry markups over time and across a large number of countries. They find both domestic and foreign competition to be major sources of market discipline in concentrated markets, but that the direct effect of competition law is insignificant. However, once allowance is made for the endogeneity of both domestic competiton (number of firms) and the adoption of a competition law, the authors find that competition laws have an indirect effect on equilibrium markups by promoting a larger number of domestic firms.

http://documents.worldbank.org/curated/en/683631468739477972/Imports-entry-and-competition-law-as-market-disciplines

There are no comments for this item.

to post a comment.

Powered by Koha