Imports, Entry, and Competition Law as Market Disciplines

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 a...

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Main Authors:	Kee, Hiau Looi, Hoekman, Bernard
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	BARRIERS TO ENTRY CARTELS COMMERCIAL POLICY COMPETITION LAW COMPETITION POLICY COMPLIANCE COSTS CONSTANT RETURNS TO SCALE CONSTRUCTION CONTESTABILITY DECISION MAKERS DECISION MAKING DEMAND ELASTICITY DEVELOPMENT ECONOMICS DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMICS RESEARCH ECONOMISTS ELASTICITY EMPIRICAL ANALYSIS EQUILIBRIUM EXOGENOUS VARIABLES EXPORTS EXTERNALITIES FAIR TRADE FIXED COSTS FOREIGN COMPETITION FREE TRADE GDP GDP PER CAPITA GROWTH RATE IMPERFECT COMPETITION IMPORTS INTERMEDIATE INPUTS INTERNATIONAL TRADE ITC LABOR COSTS LEGISLATION MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL COSTS MARKET POWER MARKET STRUCTURE MERGERS MONOPOLIES POLICY ENVIRONMENT POLITICAL ECONOMY PRICE COMPETITION PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE FIXING PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION SALES SCIENTIFIC INSTRUMENTS STRUCTURAL CHANGE TELECOMMUNICATIONS TELECOMMUNICATIONS EQUIPMENT TIME SERIES TOTAL REVENUE TOTAL SALES TRADE BARRIERS TRADE LIBERALIZATION VALUE ADDED WTO IMPORTS MARKET EQUILIBRIUM INDUSTRY LEGAL FORMS LEGISLATIVE ASSEMBLIES ADMINISTRATIVE COSTS POLICY OBJECTIVES MARKET COMPETITION LABOR STATISTICS INDUSTRIAL COMPETITION WTO
Online Access:	http://documents.worldbank.org/curated/en/2003/04/2329624/imports-entry-competition-law-market-disciplines http://hdl.handle.net/10986/18266

id	okr-10986-18266
recordtype	oai_dc
spelling	okr-10986-182662021-04-23T14:03:41Z Imports, Entry, and Competition Law as Market Disciplines Kee, Hiau Looi Hoekman, Bernard BARRIERS TO ENTRY CARTELS COMMERCIAL POLICY COMPETITION LAW COMPETITION POLICY COMPLIANCE COSTS CONSTANT RETURNS TO SCALE CONSTRUCTION CONTESTABILITY DECISION MAKERS DECISION MAKING DEMAND ELASTICITY DEVELOPMENT ECONOMICS DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMICS RESEARCH ECONOMISTS ELASTICITY EMPIRICAL ANALYSIS EQUILIBRIUM EXOGENOUS VARIABLES EXPORTS EXTERNALITIES FAIR TRADE FIXED COSTS FOREIGN COMPETITION FREE TRADE GDP GDP PER CAPITA GROWTH RATE IMPERFECT COMPETITION IMPORTS INTERMEDIATE INPUTS INTERNATIONAL TRADE ITC LABOR COSTS LEGISLATION MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL COSTS MARKET POWER MARKET STRUCTURE MERGERS MONOPOLIES POLICY ENVIRONMENT POLITICAL ECONOMY PRICE COMPETITION PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE FIXING PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION SALES SCIENTIFIC INSTRUMENTS STRUCTURAL CHANGE TELECOMMUNICATIONS TELECOMMUNICATIONS EQUIPMENT TIME SERIES TOTAL REVENUE TOTAL SALES TRADE BARRIERS TRADE LIBERALIZATION VALUE ADDED WTO IMPORTS MARKET EQUILIBRIUM INDUSTRY LEGAL FORMS LEGISLATIVE ASSEMBLIES ADMINISTRATIVE COSTS POLICY OBJECTIVES MARKET COMPETITION LABOR STATISTICS INDUSTRIAL COMPETITION WTO 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. 2014-05-12T20:09:19Z 2014-05-12T20:09:19Z 2003-04 http://documents.worldbank.org/curated/en/2003/04/2329624/imports-entry-competition-law-market-disciplines http://hdl.handle.net/10986/18266 English en_US Policy Research Working Paper;No. 3031 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	BARRIERS TO ENTRY CARTELS COMMERCIAL POLICY COMPETITION LAW COMPETITION POLICY COMPLIANCE COSTS CONSTANT RETURNS TO SCALE CONSTRUCTION CONTESTABILITY DECISION MAKERS DECISION MAKING DEMAND ELASTICITY DEVELOPMENT ECONOMICS DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMICS RESEARCH ECONOMISTS ELASTICITY EMPIRICAL ANALYSIS EQUILIBRIUM EXOGENOUS VARIABLES EXPORTS EXTERNALITIES FAIR TRADE FIXED COSTS FOREIGN COMPETITION FREE TRADE GDP GDP PER CAPITA GROWTH RATE IMPERFECT COMPETITION IMPORTS INTERMEDIATE INPUTS INTERNATIONAL TRADE ITC LABOR COSTS LEGISLATION MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL COSTS MARKET POWER MARKET STRUCTURE MERGERS MONOPOLIES POLICY ENVIRONMENT POLITICAL ECONOMY PRICE COMPETITION PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE FIXING PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION SALES SCIENTIFIC INSTRUMENTS STRUCTURAL CHANGE TELECOMMUNICATIONS TELECOMMUNICATIONS EQUIPMENT TIME SERIES TOTAL REVENUE TOTAL SALES TRADE BARRIERS TRADE LIBERALIZATION VALUE ADDED WTO IMPORTS MARKET EQUILIBRIUM INDUSTRY LEGAL FORMS LEGISLATIVE ASSEMBLIES ADMINISTRATIVE COSTS POLICY OBJECTIVES MARKET COMPETITION LABOR STATISTICS INDUSTRIAL COMPETITION WTO
spellingShingle	BARRIERS TO ENTRY CARTELS COMMERCIAL POLICY COMPETITION LAW COMPETITION POLICY COMPLIANCE COSTS CONSTANT RETURNS TO SCALE CONSTRUCTION CONTESTABILITY DECISION MAKERS DECISION MAKING DEMAND ELASTICITY DEVELOPMENT ECONOMICS DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMICS RESEARCH ECONOMISTS ELASTICITY EMPIRICAL ANALYSIS EQUILIBRIUM EXOGENOUS VARIABLES EXPORTS EXTERNALITIES FAIR TRADE FIXED COSTS FOREIGN COMPETITION FREE TRADE GDP GDP PER CAPITA GROWTH RATE IMPERFECT COMPETITION IMPORTS INTERMEDIATE INPUTS INTERNATIONAL TRADE ITC LABOR COSTS LEGISLATION MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL COSTS MARKET POWER MARKET STRUCTURE MERGERS MONOPOLIES POLICY ENVIRONMENT POLITICAL ECONOMY PRICE COMPETITION PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE FIXING PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MAXIMIZATION SALES SCIENTIFIC INSTRUMENTS STRUCTURAL CHANGE TELECOMMUNICATIONS TELECOMMUNICATIONS EQUIPMENT TIME SERIES TOTAL REVENUE TOTAL SALES TRADE BARRIERS TRADE LIBERALIZATION VALUE ADDED WTO IMPORTS MARKET EQUILIBRIUM INDUSTRY LEGAL FORMS LEGISLATIVE ASSEMBLIES ADMINISTRATIVE COSTS POLICY OBJECTIVES MARKET COMPETITION LABOR STATISTICS INDUSTRIAL COMPETITION WTO Kee, Hiau Looi Hoekman, Bernard Imports, Entry, and Competition Law as Market Disciplines
relation	Policy Research Working Paper;No. 3031
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Kee, Hiau Looi Hoekman, Bernard
author_facet	Kee, Hiau Looi Hoekman, Bernard
author_sort	Kee, Hiau Looi
title	Imports, Entry, and Competition Law as Market Disciplines
title_short	Imports, Entry, and Competition Law as Market Disciplines
title_full	Imports, Entry, and Competition Law as Market Disciplines
title_fullStr	Imports, Entry, and Competition Law as Market Disciplines
title_full_unstemmed	Imports, Entry, and Competition Law as Market Disciplines
title_sort	imports, entry, and competition law as market disciplines
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2003/04/2329624/imports-entry-competition-law-market-disciplines http://hdl.handle.net/10986/18266
_version_	1764439170986541056

Imports, Entry, and Competition Law as Market Disciplines

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