Competition, Commitment, and Welfare

by Kotaro Suzumura

This book examines one of the classical issues in theoretical welfare economics, the effects on social welfare of increasing competition between firms. The author explores whether promoting competition is in fact desirable--an issue which is central to modern debates about the role of markets. The desirability of competition, an idea which can be traced back to Adam Smith, is widely accepted, resulting in the widespread belief that by increasing interfirm...

• Format: Hardcover
• Language: English
• ISBN: 0198289146
• ISBN13: 9780198289142
• Release Date: May 1995
• Publisher: Oxford University Press, USA
• Length: 296 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.9" x 6.4" x 9.5"