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  • Stagnation of the Russian economy lends a new urgency to the question of whether reserves of competition incentives can be used to overcome the current negative economic tendencies. The lowering of entry barriers is traditionally considered a universal instrument of promoting competition. However, lower entry barriers can be mistakenly associated with bringing the market closer to the state of the so-called "perfect" competition. The authors aim to show that the absence of entry barriers does not improve competition in certain markets. On the contrary, it may result in a decrease in social welfare. This is particularly true of capital-intensive goods, for instance, large diameter pipes for gas pipelines. Lack of proper competition in such sectors of the market necessitates entry barriers, for they help to achieve a separating equilibrium at the market. Since there are costs associated with creating a separating equilibrium, it is necessary to assess both costs and benefits of the pooling and separating equilibria. (xsd:string)
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?:dateModified
  • 2016 (xsd:gyear)
?:datePublished
  • 2016 (xsd:gyear)
?:doi
  • 10.5922/2079-8555-2016-4-3 ()
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  • true (xsd:boolean)
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  • en (xsd:string)
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  • 2079-8555 ()
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  • 3 (xsd:string)
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?:name
  • Socially efficient entry barriers? (xsd:string)
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  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: Baltic Region, 2016, 3, 26-38 (xsd:string)
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?:urn
  • urn:nbn:de:0168-ssoar-51574-3 ()