Henrik Horn, Joseph Francois,
"Antitrust in Open Economics"
, in The Political Economy of Antitrust, edited by Vivek Ghosal and Johan Stennek, Elsevier-North Holland, 2007
Antitrust in Open Economics
Sprache des Titels:
We examine antitrust rules in a two-county general equilibrium trade model, contrasting national and multilateral (cooperative) determination of competition policy, exploring the properties of the policy equilibrium. It is not imperfect competition, but variation in competitive stance between sectors that matters for trading partners. Beggar-thy-neighbor competition policies relate to countries' comparative advantages, and hurt the factor intensively used, or specific to, the imperfectly competitive sector. They also create a competitive advantage for export firms. FDI can be pro-competitive in this context, reducing the scope for beggar-thy-neighbor policies and reducing the gains from a multilateral competition agreement.
Sprache der Kurzfassung:
The Political Economy of Antitrust, edited by Vivek Ghosal and Johan Stennek