Local market stabilisation and rivalry

Hervé Dumez and Alain Jeunemaître
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Hervé Dumez: École Polytechnique
Alain Jeunemaître: La Maison Française and Nuffield College

Chapter Chapter 3 in Understanding and Regulating the Market at a Time of Globalization, 2000, pp 57-73 from Palgrave Macmillan

Abstract: Abstract The fact that producers seek to stabilise price and volume competition in local markets does not entail that all means of competition have been removed. Rather, competition focuses on other activities. In such cases, we will refer to the competitive process as one of rivalry rather than competition. Therefore, in what follows, the word competition will primarily refer to situations where producers focus on price and volume in order to gain or defend market share. Rivalry will refer to competition based on other factors, such as customer service, product quality, the preemption of the best production sites, the search for cost advantages over competitors, and improvements in distribution networks.

Keywords: Local Market; Price Competition; Strategic Alliance; Cement Producer; Cement Plant (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28875-1_3

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DOI: 10.1057/9780230288751_3

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