Competition Policy and Market Leaders

We study the potential loss in social welfare and changes in incentives to invest in R&D that result when the market leading firm is deprived of its position. We show that under plausible assumptions like free entry or repeated market interactions there is a social value of market leadership and its mechanical removal by means of competition policy is likely to be harmful for society.

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Year of publication:	2008-11
Authors:	Maçi, Ilir ; Zigic, Kresimir
Institutions:	Center for Economic Research and Graduate Education and Economics Institute (CERGE-EI)
Subject:	Market leaders \| Competition policy \| Innovation

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Extent:	application/pdf
Series:	CERGE-EI Working Papers.
Type of publication:	Book / Working Paper
Classification:	F12 - Models of Trade with Imperfect Competition and Scale Economies ; F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; K21 - Antitrust Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005357521