Socially efficient entry barriers?

Abstract: Stagnation of the Russian economy lends a new urgency to the question of whether reserves of competition incentives can be used to overcome the current negative economic tendencies. The lowering of entry barriers is traditionally considered a universal instrument of promoting competition. However, lower entry barriers can be mistakenly associated with bringing the market closer to the state of the so-called "perfect" competition. The authors aim to show that the absence of entry barriers does not improve competition in certain markets. On the contrary, it may result in a decrease in social welfare. This is particularly true of capital-intensive goods, for instance, large diameter pipes for gas pipelines. Lack of proper competition in such sectors of the market necessitates entry barriers, for they help to achieve a separating equilibrium at the market. Since there are costs associated with creating a separating equilibrium, it is necessary to assess both costs and benefits of the p

Weitere Titel
Общественно-эффективные барьеры входа?
Sprache
Englisch
Umfang
Online-Ressource
Anmerkungen
Veröffentlichungsversion
begutachtet (peer reviewed)
In: Baltic Region (2016) 3 ; 26-38
Standort
Deutsche Nationalbibliothek Frankfurt am Main

Klassifikation
Wirtschaft

Ereignis
Veröffentlichung
(wo)
Mannheim
(wann)
2016

DOI
10.5922/2079-8555-2016-4-3
URN
urn:nbn:de:0168-ssoar-51574-3
Rechteinformation
Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Letzte Aktualisierung
25.04.2025, 14:08 MESZ

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Entstanden

  • 2016

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