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Competition: How to Speak Like an Expert
Paperback
Business GeneralEconomicsGeneral Law
ISBN13: 9781939007353
Publisher: Institute of Competition Law
Published: Sep 20 2023
Pages: 186
Weight: 0.49
Height: 0.40 Width: 5.50 Depth: 8.50
Language: English
Competition is an intriguing and worrisome concept, sometimes perceived as a healthy emulation and sometimes as a form of Darwinism. Economic analysis provides a useful and rigorous guide to overcoming these oversimplified views by showing that competition is a mechanism for eliminating unjustified rents. This book presents the two main economic visions of competition (competition as a state versus as a process), but also its microeconomic and macroeconomic effects (notably on productivity and employment), the obstacles to its effectiveness, and the policies for opening up and regulating competition.
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