Xu, Bing; Rixtel, Adrian van; Leuvensteijn, Michiel van - 2014
China declined during the past decade, despite these reforms. In this paper, we show both empirically and theoretically that … regulation. By contrast, the relatively new Profit Elasticity (PE) approach that was introduced in Boone (2008) as Relative … operating in China during 1996-2008, we show that competition actually increased in the past decade when the PE indicator is …