9781851966448

Barriers to Competition: The Evolution of the Debate

by
  • ISBN13:

    9781851966448

  • ISBN10:

    1851966447

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2009-11-01
  • Publisher: Routledge
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Summary

'Barriers to entry' as an economics concept was defined by Joe Bain in his 1956 book "Barriers to New Competition". Bain's analysis focused on the ways in which various industries functioned within the market: whether there were few or many firms in each industry, how labour-intensive/expensive they were, and whether or not there was collusion among existing firms to prevent the entry of new, competing ones. In the current climate, it can be seen that barriers are now disappearing, as a result of economic globalization. This is the first book to focus on the different methods that economic science has employed in order to detect and measure barriers to entry. A chronological analysis is presented as well as an in-depth look at the competing Harvard and Chicago Schools' interpretation of this phenomenon.

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