This Paper introduces optimal competition: the best form of competition in an industry that a competition authority can … competition outcome in an industry becomes more competitive as more money is spent in the industry, as the competition authority … puts less weight on producer surplus and more weight on employment. The relation between competition and entry costs is U …

product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased … competition reduces entrants' and acquirers' profits in a similar fashion, but also reduces the profit of non-acquirers. Therefore …, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn …

automobile market to estimate the different models, and as an illustration assess what they imply for competition policy analysis …

pricing from mere competition for efficiency on a learning curve we next decompose the equilibrium pricing condition. Our …-like behavior. Along with the predation-like behavior, however, a fair amount of competition for the market is eliminated. Overall …

uncertainty is significant. In this case information policy is more relevant than classical competition policy. …

) market to competition. In Spain, both local and foreign firms challenged the incumbent as of April 2003. The latter abused …

options for subsequent reforms, specifically those intended to increase competition; and maintaining support for completing …

competition. Holdup and inter-temporal links make policy design more difficult, however. Even reasonable policies may be worse …