This paper studies the competition policy for the year 2000. Two contentions are made in this paper. First, all market economies have a competition policy (CP) even if they do not have competition legislation because of the influence that other policies have on the competitive process. Second,...

Competition and market power have been the focus of much of the empirical research conducted by the EIM in the recent past. This report is concerned with these issues as well, and focuses in particular on the link between market conduct and performance. The background of the model which is...

This report discusses allocative efficiency and focuses on pricing and quantity-setting policies. These can be considered to be the most fundamental aspects of market power. Perfect competition is commonly advocated as optimal. If the price in a certain industry diverges from marginal cost, this...

This paper studies the competition policy for the year 2000. Two contentions are made in this paper. First, all market economies have a competition policy (CP) even if they do not have competition legislation because of the influence that other policies have on the competitive process. Second,...

This paper tackles the issue of optimum product diversity in an impoerfeclty competitive market with small or large firms. First, it develops a quadratic utility model of monopolistic competition with horizontal product differentiation which avoids some of the main pitfalls of the S-D-S...

Trade barriers are failing and U.S. producers are competing in increasingly open international markets. Further, data reveal considerable heterogeneity across industries in the intertemporal path of import-penetration. Against this backdrop, we focus on an issue that is increasingly important...

This report studies the importance of efficiency gains from horizontal mergers. A general theme throughout this report is that efficiency gains, and their pass-on to consumers, may vary substantially from merger to merger. For this reason it seems appropriate to reconsider current practice in...

This paper presents an empirical study of spatial competition and a methodological approach to estimating product characteristics and consumer preferences in industries with products whose characteristics are unobservable or difficult to measure.We demonstrate the effective use of panel data on...

This paper evaluates the effectiveness of several pricing rules intended to promote entry into a network industry dominated by an incumbent carrier. Drawing on the work of Cournot and Hotelling, we develop a model of competition between two interconnected networks.

This paper presents an empirical study of spatial competition and a methodological approach to estimating product characteristics and consumer preferences in industries with products whose characteristics are unobservable or difficult to measure.We demonstrate the effective use of panel data on...