Hoekman, Bernard; Kee, Hiau Looi - C.E.P.R. Discussion Papers - 2003
investigate the impact of competition law on industry markups over time and across a large number of countries. We find both … of competition law is insignificant. Once allowance is made for the endogeneity of both domestic competition (number of … firms) and the adoption of a competition law, however, we find that competition laws have an indirect effect on equilibrium …