| Practice area: | Competition & Antitrust | Competition Economics | Remedies and enforcement |
|---|---|
| Client: | LE Working Paper |
| Published: | December, 2008 |
| Keywords: | quantitative analysis |
This paper presents new econometric evidence suggesting that effective competition policy serves to curtail the exercise of market power – countries in which competition policy is judged to be more effective are characterised by lower market price-cost margins, controlling for other factors believed to influence the price-cost margin.