UNSPECIFIED (2003) The role of consumers in competition and competition policy. In: EARIE Meeting 2001, DUBLIN, IRELAND, AUG-SEP, 2001ELSEVIER SCIENCE BV.

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Abstract

This paper develops the idea that consumers' behaviour matters significantly from the viewpoint of industry performance. This is examined through some theoretical propositions on search and switching behaviour, but then at greater length through some case study examples. These demonstrate how, even in potentially competitive industries, reluctance by consumers to search or to switch suppliers can lead to sub-competitive outcomes. Comparisons are made between industries where search and switching is easy and those where it is not. The significance of non-traditional competition policy remedies such as enforcement of annual contracts in changing the outcome is drawn out. (C) 2002 Elsevier Science B.V. All rights reserved.

Item Type:	Conference Item (UNSPECIFIED)
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
Publisher:	ELSEVIER SCIENCE BV
ISSN:	0167-7187
Date:	February 2003
Volume:	21
Number:	2
Number of Pages:	22
Page Range:	pp. 129-150
Publication Status:	Published
Title of Event:	EARIE Meeting 2001
Location of Event:	DUBLIN, IRELAND
Date(s) of Event:	AUG-SEP, 2001
URI:	http://wrap.warwick.ac.uk/id/eprint/10066

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