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
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Общественно-эффективные барьеры входа?
- Sprache
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Englisch
- Umfang
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Online-Ressource
- Anmerkungen
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Veröffentlichungsversion
begutachtet (peer reviewed)
In: Baltic Region (2016) 3 ; 26-38
- Standort
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Deutsche Nationalbibliothek Frankfurt am Main
- Klassifikation
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Wirtschaft
- Ereignis
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Veröffentlichung
- (wo)
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Mannheim
- (wann)
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2016
- DOI
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10.5922/2079-8555-2016-4-3
- URN
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urn:nbn:de:0168-ssoar-51574-3
- Rechteinformation
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Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
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25.04.2025, 14:08 MESZ
Datenpartner
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Entstanden
- 2016