The role of consumers in competition and competition policy
Waterson, Michael, 1950- (2001) The role of consumers in competition and competition policy. Discussion Paper. Coventry: University of Warwick, Department of Economics. (Warwick economic research papers).
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This paper develops the idea that consumers’ behaviour matters significantly from the viewpoint of industry performance. This is examined through some theoretical propositions, but then at greater length by means of some case study examples. These examples demonstrate how, even in potentially competitive industries, reluctance on the part of consumers to search or to switch suppliers can lead to a sub-competitive outcome. The significance of non-traditional competition policy remedies in changing the outcome is drawn out.
|Item Type:||Working or Discussion Paper (Discussion Paper)|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Consumer behavior, Competition -- Great Britain, Public utilities -- Deregulation -- Great Britain|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Number of Pages:||27|
|Institution:||University of Warwick|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Version or Related Resource:||Waterson, M. (2003) The role of consumers in competition and competition policy. International Journal of Industrial Organisation, 21, pp. 129-150.|
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