| 来源类型 | Working Paper
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| 规范类型 | 报告
|
| DOI | 10.3386/w28482
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| 来源ID | Working Paper 28482
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| Competition Policy in a Simple General Equilibrium Model |
| Louis Kaplow
|
| 发表日期 | 2021-02-22
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| 出版年 | 2021
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| 语种 | 英语
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| 摘要 | The flow of resources across sectors to their best use, with concomitant entry and exit, is central to the functioning and welfare properties of a market economy. Nevertheless, most industrial organization research, including applications to competition policy, undertakes partial equilibrium analysis in a single sector, often with a fixed number of firms. This article examines competition policy in a simple, multi-sector, general equilibrium model with free entry and exit. Even partial equilibrium analysis yields some lessons, such as that accounting for free entry often makes strengthening competition policy more rather than less attractive. When admitting flows between sectors, familiar prescriptions readily reverse. But such results may be partially offset or overturned yet again when incorporating free entry and exit in nontargeted sectors. Finally, the analysis of efficiencies also changes qualitatively with free entry because even fixed costs are fully borne by consumers in equilibrium. |
| 主题 | Microeconomics
; Market Structure and Distribution
; General Equilibrium
; Welfare and Collective Choice
; Other
; Law and Economics
; Industrial Organization
; Market Structure and Firm Performance
; Antitrust
|
| URL | https://www.nber.org/papers/w28482
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586154
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推荐引用方式
GB/T 7714 |
Louis Kaplow. Competition Policy in a Simple General Equilibrium Model. 2021.
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文件名：
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w28482.pdf
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格式：
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Adobe PDF
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