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Competition, commitment, and welfare

Auteur: Kōtarō Suzumura
Uitgever: Oxford ; New York : Clarendon Press, 1995.
Editie/Formaat:   Print book : EngelsAlle edities en materiaalsoorten bekijken.
Database:WorldCat
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This book examines one of the classical issues in theoretical welfare economics in general, and in theoretical industrial organization in particular - namely, the welfare effects of increasing competition among firms.
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Soort document: Boek
Alle auteurs / medewerkers: Kōtarō Suzumura
ISBN: 0198289146 9780198289142
OCLC-nummer: 31607364
Beschrijving: xii, 281 pages : illustrations ; 24 cm
Inhoud: 1. Entry Barriers and Economic Welfare: Partial Equilibrium Approach --
2. Entry Barriers and Economic Welfare: General Equilibrium Approach --
3. Welfare-Improving Tax Subsidy Schemes with or without Entry Barriers --
4. Strategic R & D and Economic Welfare --
5. Taxation and Welfare with Strategic Commitment --
6. Co-operative and Non-cooperative R & D with Spillovers --
7. Entry, Commitment, and Welfare: A Synthesis --
8. Alternative Firm Objectives and Strategies --
9. Non-Symmetric Equilibria --
App. A. Exemption Systems from Anti-Monopoly Law and Other Anti-Competitive Measures in Japan: Overview and Evaluation --
App. B. Collaborative Research and Development: Economic Analysis in the Light of Japanese Experience.
Verantwoordelijkheid: Kotaro Suzumura.
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This book focuses on one of the classical issues in theoretical welfare economics, namely the effects on social welfare of increasing competition between firms.  Meer lezen...

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"Mr. Suzumura is to be commended for a mixture of modeling, case study, and synthesis that is all too rare in industrial organization, and his work should be an inspiration for the rest of Meer lezen...

 
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    schema:description "Two questions are posed in looking at these issues: Can competition ever be excessive in the welfare-theoretic sense? Can policy intervention in the name of keeping excessive competition under control be justified? Starting from an elementary model of oligopoly and introducing several complexities step by step, the author shows that, for a wide class of situations where economies of scale prevail, competition can certainly be excessive in the welfare-theoretic sense, but that regulation of competition may cause serious distortions of its own. The latter distortions, he argues, should be weighed against market distortions arising from excessive competition before prescribing a policy mix of competition and regulation. Those who are interested in the proper role of industrial and competition policies in the market economics will find these theoretical results both illuminating and suggestive."@en ;
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