Efficiency, Equity, and Corporate Responsibility in Imperfect Competition

Victor J. Tremblay and Carol Horton Tremblay
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Victor J. Tremblay: Oregon State University
Carol Horton Tremblay: Oregon State University

Chapter Chapter 19 in New Perspectives on Industrial Organization, 2012, pp 569-585 from Springer

Abstract: Abstract A crucial objective in industrial organization is to evaluate whether or not imperfectly competitive markets perform well from society’s perspective. As we discussed in Chap. 1 , we focus on three dimensions of market performance: static efficiency, dynamic efficiency, and equity. Up to this point, we have spent most of our time discussing efficiency issues. We now begin this chapter with a review and assessment of what we have learned regarding imperfect competition and different types of inefficiency—market power (i.e., allocative inefficiency), X-inefficiency, rent-seeking behavior, and technological change (i.e., dynamic efficiency).

Keywords: Technological Change; Market Power; Gini Coefficient; Distributive Justice; Corporate Responsibility (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-1-4614-3241-8_19

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DOI: 10.1007/978-1-4614-3241-8_19

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