The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates the decentralized coordination mechanism inherent in all...

Der Konzentrationsprozess im deutschen Sortimentsbuchhandel schreitet seit Jahren unaufhaltsam voran. Rahmenbedingungen wie die Digitalisierung, technische Innovationen und das Konsumentenverhalten beeinflussen dies zusätzlich. Kerstin Emrich untersucht die Ursachen und Auswirkungen dieses...

Disrupting global competition : how did they get here so fast? -- Cost innovation : the Chinese dragons' secret weapon -- Loose bricks : re-thinking your vulnerabilities -- The weak link : limitations of the Chinese dragons -- Your response : winning in the new global game -- Conclusion :...

This paper is motivated by the European Union strategy to secure competitiveness for Europe in the globalising world by focussing on technological supremacy (the Lisbon - agenda). Parallel to that, the EU Commission is trying to take a more economic approach to competition policy in general and...

Contents: Preface by Jeong Pyo Choi -- 1. Introduction and overview / Jay Pil Choi, Wonhyuk Lim and Sang-Hyop Lee -- Part I: Setting the stage -- 2. Competition law and economics: International cooperation and convergence in competition policy / Jay Pil Choi -- Part II: Market structure -- 3....