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Inequality And Competition Policy

BY | October 14, 2017

By Bruce Lyons Not all sources of competition reduce inequality by limiting prices and profits. In developed economies, globalization raises the payoff to those controlling the best products and puts…

By Bruce Lyons

Not all sources of competition reduce inequality by limiting prices and profits. In developed economies, globalization raises the payoff to those controlling the best products and puts downward pressure on the low paid. Antitrust to limit market power is an important force for restraining inequality, and economists have good reasons not to introduce explicit non-competition arguments, but Baker & Salop have recently opened a debate on whether inequality should be more activel

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