's market structure and competition. Design/methodology/approach – The paper employs the Panzar‐Rosse (P‐R) method to compute … seem to reject the market structure of monopoly or perfect competition hypothesis. The results clearly indicate … monopolistic competition behavior in the Malaysian banking sector. During the period under study, the paper finds evidence of …

of the Wettbewerbsordnung (an economic order based on competition), advocated by Eucken, was never made. This was … expressed in insufficient fighting against the formation of economic power (competition policy) and in a neglect of the …

Proposes a model which shows that Stackelberg competition is not necessarily welfare‐ enhancing compared with Cournot … competition. Shows that, although in a simple duopoly model prices in a Stackelberg equilibrium are lower than in a Cournot … equilibrium, this is not necessarily true in an entry‐deterrence framework, where post‐entry competition is Stackelberg rather …

Considers the treatment of openness and imperfect competition in the influential analysis of Layard, Nickell and … imperfect competition assumed. It is argued that openness is crucial to the model′s properties, whereas imperfect competition is …