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CONCEPTS OF COMPETITION

1995/01/01 by JOHN VICKERS, John Vickers · 2 citations
Economics, Econometrics and Finance · #Merger and Competition Analysis #Global trade and economics #Economic theories and models

paper · doi:10.1093/oxfordjournals.oep.a042155

Abstract

This paper surveys the ways in which competition can promote productive efficiency. Some concepts of competition and their historical development are outlined. There is discussion of the effects of competition on incentives for efficiency within organizations, the process of selection between more and less efficient organizations, and innovation and dynamics.

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