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Imports as a Competitive Discipline*

Published online by Cambridge University Press:  17 August 2016

Paul A. Geroski  and
Alexis Jacquemin
Paul A. Geroski
Affiliation:
University of Southampton and CRIDE, Université Catholique de Louvain
Alexis Jacquemin
Affiliation:
CRIDE, Université Catholique de Louvain
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Extract

The proposition that imports may constrain domestic competition and ought to be encouraged on at least monopoly welfare loss grounds is neither new nor very frequently challenged. In this paper, we should like to present several reflections on the literature — empirical and theoretical — associated with this proposition, and to sketch the outlines of two further empirical exercises which we believe capable of yielding information on some aspects of this general view.

It is becoming increasingly accepted that industry conduct ought to play an important role in our theorizing about oligopoly, and that structural indices can be poor, and occasionally quite inaccurate reflections of the more complex reality of industry performance. In this section, we should like to explore this insight in the context of competition in an open economy.

Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 47 , Issue 3-4 , September 1981 , pp. 197 - 208
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1981 

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Footnotes

*

This work was partially supported by the Fonds de la Recherche Fondamentale Collective, research programme n° 2453482. The authors wish to thank M.P. Donsimoni for helpul comments; the usual disclaimer applies.

References

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