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 …

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 …

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

Predatory pricing--a deliberate strategy of pricing aggressively in order to eliminate competitors--is one of the more … 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 …

This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor … significant effect of competition policy as measured by newly created indexes. We provide several arguments and results based on … causal way. At a disaggregated level, the effect on TFP growth is particularly strong for specific aspects of competition …

normative analysis, i.e. we evaluate alternative competition and innovation policies from a welfare perspective. Third, we … introduce a reliable way to measure competition in dynamic markets with non-linear pricing. We illustrate the usefulness of our …

impact on global competition than the pursuit of harmonized multilateral competition policy disciplines. It also suggests … competition laws of contracting parties to be challenged in those instances where this leads to <MI>de facto<D> discrimination … existing indirect avenues to raise competition-related disputes in GATT be pursued more actively. This would help to identify …

This paper first presents stylized evidence showing how the date of the introduction of competition policy is … correlated with country size. Smaller countries tend to adopt competition policy later. We thereafter present a simple … incentives regarding competition policy for small and large developing countries. …