Industrial Organization Paradigms, Empirical Evidence, and the Economic Case for Competition Policy.
The recent reform of competition policy in Canada prompts one to ask whether there remains a tenable economi c case for antitrust policy. To answer this question, this paper begi ns by sketching competing industrial organization (I-O) paradigms. Th e empirical evidence bearing on these paradigms, particularly the "m ainline" (structure-conduct-performance) paradigm which has provided the main theoretical support for competition policy, is examined. It is concluded that recent theoretical and empirical work in I-O have undermined the traditional economic case for competition policy. The last section of the paper attempts a partial reconstruction of the ca se for competition policy along somewhat unorthodox lines.
Year of publication: |
1987
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Authors: | Green, Chris |
Published in: |
Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 20.1987, 3, p. 482-505
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Publisher: |
Canadian Economics Association - CEA |
Saved in:
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