Imports, Entry, and Competition Law as Market Disciplines

Kee, Hiau Looi ; Hoekman, Bernard

World Bank, Washington, DC

关键词: BARRIERS TO ENTRY;    CARTELS;    COMMERCIAL POLICY;    COMPETITION LAW;    COMPETITION POLICY;   

DOI  :  10.1596/1813-9450-3031
RP-ID  :  WPS3031

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Since the early 1990s numerous countrieshave adopted or strengthened competition legislation. Keeand Hoekman investigate the impact of competition law onindustry markups over time and across a large number ofcountries. They find both domestic and foreign competitionto be major sources of market discipline in concentratedmarkets, but that the direct effect of competition law isinsignificant. However, once allowance is made for theendogeneity of both domestic competiton (number of firms)and the adoption of a competition law, the authors find thatcompetition laws have an indirect effect on equilibriummarkups by promoting a larger number of domestic firms.