Concepts of Competition
John Vickers
Oxford Economic Papers, 1995, vol. 47, issue 1, 1-23
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. Copyright 1995 by Royal Economic Society.
Date: 1995
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