Market leaders;
Competition policy;
Innovation K21;
L11;
L13;
L16;
US V. MICROSOFT;
PRICE LEADERSHIP;
ENTRY;
MODEL;
D O I:
10.1016/j.econmod.2010.11.024
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
We study the potential loss in social welfare and changes in incentives to invest in R&D that result when the market leading firm is deprived of its position. We show that under plausible assumptions like free entry or repeated market interactions there is a social value of market leadership and its mechanical removal by means of competition policy is likely to be harmful for society. (C) 2010 Elsevier B.V. All rights reserved.
机构:
Tel Aviv Univ, Sch Econ, IL-6997801 Tel Aviv, Israel
UCL, Dept Econ, London WC1E 6BT, England
Ctr Macroecon, London WC2A 2AE, EnglandTel Aviv Univ, Sch Econ, IL-6997801 Tel Aviv, Israel
机构:
Tel Aviv Univ, Sch Econ, IL-6997801 Tel Aviv, Israel
UCL, Dept Econ, London WC1E 6BT, England
Ctr Macroecon, London WC2A 2AE, EnglandTel Aviv Univ, Sch Econ, IL-6997801 Tel Aviv, Israel