Competition in Markets and Competition for Markets |
| |
Authors: | P.A. Geroski |
| |
Affiliation: | (1) London Business School, Sussex Place, Regents Park, London, NW1 4SA, UK;(2) New Court, The Competition Commission, 48 Carey Street, London, WC2A 2JT, UK |
| |
Abstract: | This paper builds on a distinction that is sometimes made between competition in a market and competition for a market. Competition for a market refers to the struggle to create a new market, or to erect a new standard, and it is usually associated with the process of innovation that brings new displacing technologies to market. Competition in a market is the conventional view of competition, and concentrates on the actions of incumbents and imitative entrants in well-established markets. The paper reviews some of the issues that competition for markets raises for anti-trust policy makers, and then asks whether competition for a market is a perfect substitute for competition in a market. |
| |
Keywords: | anti-trust standard competition policy |
本文献已被 SpringerLink 等数据库收录! |
|