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Competition policy and market leaders
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SYSNO ASEP 0359253 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Competition policy and market leaders Author(s) Žigić, Krešimir (NHU-N) RID
Maci, Ilir (NHU-N)Source Title Economic Modelling. - : Elsevier - ISSN 0264-9993
Roč. 28, č. 3 (2011), s. 1042-1049Number of pages 8 s. Language eng - English Country NL - Netherlands Keywords competition policy ; innovation Subject RIV AH - Economics R&D Projects LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ AV0Z70850503 - NHU-N (2005-2011) UT WOS 000290005600031 DOI 10.1016/j.econmod.2010.11.024 Annotation 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. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2012
Number of the records: 1