Competition and Productivity: A Review of Evidence

Does competition spur productivity? And if so, how does it accomplish this? These have long been regarded as central questions in economics. This article reviews the literature that makes progress toward answering both questions.

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Bibliographic Details
Published in:Annual review of economics 2010-01, Vol.2 (1), p.619-642
Main Authors: Holmes, Thomas J, Schmitz, James A
Format: Article
Language:English
Subjects:
Cement industry
Economic competition
Ferrous minerals
Industrial concentration
Industrial market
Industrial productivity
innovation
Market power
monopoly
Productivity
Rail industry
Tariffs
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Description
Summary:Does competition spur productivity? And if so, how does it accomplish this? These have long been regarded as central questions in economics. This article reviews the literature that makes progress toward answering both questions.
ISSN:1941-1383
1941-1391
DOI:10.1146/annurev.economics.102308.124407