This article is part of a Chronicle. See more from this Chronicle
Rainer Lindberg, Jun 13, 2009
There is well-established empirical evidence that competition spurring efficiency promotes productivity within firms and between firms. Competition at least in normal times seems to be an important factor to generate productivity, innovation, and growth. As Aghion-Griffith concluded, the view that competition and entry should promote efficiency and prosperity has now become a “common wisdom̶
...THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 18.97.9.172
Please verify email or join us to access premium content!