| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2640 |
| DP2640 Did the EMS Reduce the Cost of Capital? | |
| ENRIQUE SENTANA | |
| 发表日期 | 2000-12-19 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | Competition has been modelled in economic literature in a number of ways. What do these different parameterizations of competition have in common? For instance, it turns out that it is not always the case that a rise in competition reduces price cost margins, industry wide profits or concentration. All parameterizations of competition, considered here, have two features in common. First, the reallocation effect: a rise in competition raises the profits of a firm relative to the profits of a less efficient firm. Second, a rise in competition reduces the profits of the least efficient firm active in the industry. |
| 主题 | Competition Policy |
| 关键词 | Competition Measures of competition Concentration Price cost margin Profits |
| URL | https://cepr.org/publications/dp2640 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531703 |
| 推荐引用方式 GB/T 7714 | ENRIQUE SENTANA. DP2640 Did the EMS Reduce the Cost of Capital?. 2000. |
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