Competition policy and market leaders

被引:9
作者
Zigic, Kresimir
Maci, Ilir [1 ]
机构
[1] Charles Univ Prague, CERGE EI, Prague 11121 1, Czech Republic
关键词
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.
引用
收藏
页码:1042 / 1049
页数:8
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