Potential competition, actual competition, and economic welfare
نویسندگان
چکیده
منابع مشابه
Actual Competition, Potential Competition, and Bank Profitability in Rural Markets
The nature of the relationship between the structure of the market in which banks operate-the number and size distribution of actual competitors in a market-and their performance has been examined in a considerable number of empirical studies over the past 20 years.' Industrial organization economists have investigated the structure; performance relationship for a wide variet). of intraand inte...
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This chapter provides a selective survey of recent developments in the study of social welfare under oligopoly. The main topics covered are (i) the rate of cost passthrough as a tool to analyze market performance; (ii) the quantification of welfare losses due to market power in Cournot-style models; and (iii) new results from models with endogenous entry. The chapter highlights common themes ac...
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Defining competition Why do we need a new definition of competition? Some readers may argue that market concentration (measured by, for instance, the Herfindahl index or the concentration ratio) is a good way to define competition. More competition then implies less market concentration. From a policy point of view, market concentration suffices as an appropriate measure of competition if the f...
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In the large majority of cases and circumstances, horses benefit from their association with man. However, abuse of horses can occur, due to neglect or through the pressures of competition. The welfare of all animals, including competition horses, has become increasingly topical over the past ten years. Equestrian sport is coming under closer public scrutiny due to reports of apparent abuse. Th...
متن کاملFragmentation, welfare, and imperfect competition
In this paper, I explore the effect of fragmentation of production processes on social welfare in the imperfectly competitive market. In particular, I examine the welfare properties of fragmentation from the viewpoint of industrialized countries. Firms located at a country decide whether they produce at home or move their production overseas. I show that there exists Nash equilibrium in which a...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1988
ISSN: 0014-2921
DOI: 10.1016/0014-2921(88)90204-8