Imports, entry, and competition law as market disciplines

Hiau Looi Kee (hlkee@worldbank.org) and Bernard Hoekman

No 3031, Policy Research Working Paper Series from The World Bank

Abstract: Since the early 1990s numerous countries have adopted or strengthened competition legislation. Kee and Hoekman investigate the impact of competition law on industry markups over time and across a large number of countries. They find both domestic and foreign competition to be major sources of market discipline in concentrated markets, but that the direct effect of competition law is insignificant. However, once allowance is made for the endogeneity of both domestic competiton (number of firms) and the adoption of a competition law, the authors find that competition laws have an indirect effect on equilibrium markups by promoting a larger number of domestic firms.

Keywords: Water and Industry; Economic Theory&Research; Labor Policies; Environmental Economics&Policies; ICT Policy and Strategies; Environmental Economics&Policies; Economic Theory&Research; Water and Industry; ICT Policy and Strategies; Markets and Market Access (search for similar items in EconPapers)
Date: 2003-04-30
New Economics Papers: this item is included in nep-com, nep-ent and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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Related works:
Journal Article: Imports, entry and competition law as market disciplines (2007)
Working Paper: Imports, Entry and Competition Law as Market Disciplines (2003)
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