Valkonen, Laura - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2006
This study examines how deregulation affects product market competition and thereby productivity. Productivity grows … when firms ameliorate their performance, which they will be unwilling to do in the absence of competition. It obliges firms … only temporarily. Long-term gains are derived from dynamic efficiency, which competition promotes in two ways. First, it …