THE FISCAL CHALLENGE OF COMPETITIVE MARKETS

Fred Harrison

Economic Affairs, 2005, vol. 25, issue 1, 20-24

Abstract: Competition maximises consumer satisfaction but creates a financial problem for enterprises. When prices are competed down to just cover marginal costs, part of the value added by the enterprise is externalised. Government has not been efficient at recycling that value back into the economy, which is why infrastructure is severely underfunded.

Date: 2005
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https://doi.org/10.1111/j.1468-0270.2005.00534.x

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