CORDIS Project
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This project investigates the impact of market power on economic efficiency, focusing on how it affects resource allocation and productivity across various sectors. It aims to document pricing behaviors and their implications for producers and consumers in the economy.
It has been long understood by economists that market power can negatively affect welfare by limiting output, stifling innovation, and introducing inefficiencies in the overall allocation of production.
On the one hand, there is ample evidence from case-studies, that the presence of market power, in the form of explicit or implicit cartels and other practices of anti-competitive behavior, can lead to substantial damages to producers and consumers in a given market.
On the other hand, very little…
KATHOLIEKE UNIVERSITEIT LEUVEN
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