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AuthorUnited Nations Conference on Trade and Development
TitleEmpirical Evidence of the Benefits from Applying Competition Law and Policy Principles to Economic Development in Order to Attain Greater Efficiency in International Trade and Development
Imprint Geneva : United Nations, 1998
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Descript 29 p


Summary: The benefits of competition may be assessed on the basis of data relating to the effects of collusion or concentration and, conversely, the effects of RBP controls or of deregulation upon productivity, prices, profit margins, the persistence of profits, the flexibility or adjustment speed of prices or profits, incentives for technological innovation, consumer and producer welfare, economic growth and competitiveness in international trade. Some of the effects of competition are not easily measurable, since there are shortages of data and much of the evidence is inconclusive, ambiguous or over-aggregated. There are also sometimes trade-offs to some extent between competition, static efficiency, and dynamic efficiency. But the data available still broadly confirm the benefits of competition. There is also a shortage of data as to the effects of RBP control and competition advocacy efforts. But there is still evidence that the application of RBP controls has had an impact, both in individual cases and by having a deterrent effect, helping to create a climate favorable for competition. To maintain such a climate, however, continuing efforts have to be made to enhance the effectiveness of enforcement. Also, deregulation has been more effective when backed up by RBP controls

International Institute for Trade and Developement : UNCTAD CollectionTD/B/COM.2/EM/10/Rev.1CHECK SHELVES

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