Imports, Entry, and Competition Law as Market Disciplines

• Tác giả: Hiau Looi Kee
• Ngôn ngữ: eng
• Ký hiệu phân loại: 341.75 International economic law
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 301876
• Chủ đề: 1. BARRIERS TO ENTRY; 2. CARTELS; 3. COMMERCIAL POLICY; 4. COMPETITION LAW; 5. COMPETITION POLICY

Tóm tắt

Since the early 1990s numerous countries have adopted or strengthened competition legislation. Kee and Hoekman investigate the impact of competition law on industry markups over time and across a large number of countries. They find both domestic and foreign competition to be major sources of market discipline in concentrated markets, but that the direct effect of competition law is insignificant. However, once allowance is made for the endogeneity of both domestic competiton (number of firms) and the adoption of a competition law, the authors find that competition laws have an indirect effect on equilibrium markups by promoting a larger number of domestic firms.