Competition intensity, potential competition and transaction cost economics

Arbeitspapier

As the process of globalisation of the world economy progresses, the degree of international competition among enterprises increases as well. Yet not all industries or branches are affected to the same extent by this development. One of the most important factors which determine the degree of globalisation of an industry is the level of transaction costs. Whereas low transaction costs tend to result in globalised markets, high transaction costs induce segmented markets. Because they may also indicate the degree of potential competition, transaction costs can be of great importance for competition authorities in the case of corporate mergers and acquisitions. Heterogeneous consumer preferences and product differentiation, as two additional determinants of the degree of globalisation, however, limit the meaningfulness of this approach. In some cases, the precision of the measurement of transaction is also inaccurate. This methodology hence cannot be generalised, but does make more sense in particular cases.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: HWWA Discussion Paper ; No. 183

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Trade Policy; International Trade Organizations ; International Economics: General ; Organizational Behavior; Transaction Costs; Property Rights
• Thema: Transaction costs ; potential competition ; competition policy ; Wettbewerb ; Potentieller Wettbewerb ; Transaktionskosten ; Relevanter Markt ; Globalisierung ; Internationaler Wettbewerb ; Theorie ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Busse, Matthias
• Ereignis: Veröffentlichung
• (wer): Hamburg Institute of International Economics (HWWA)
• (wo): Hamburg
• (wann): 2002

Weitere Informationen

• Handle: http://hdl.handle.net/10419/19345
• Letzte Aktualisierung: 20.09.2024, 08:20 MESZ