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Do Firms' Product Lines Include Too Many Varieties, and Do Shops Open Too Many Days?

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Author Info
Klemperer, Paul
Padilla, Atilano Jorge

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Abstract

This paper attempts to give a meaning to the empty concept of subsidiarity. It examines various kinds of government activity with respect to the optimal layer of government in Europe at which these activities should be performed. The paper criticizes Europe's industrial policies and its protectionism, and it points to European-wide public-goods and redistribution problems which make centralized government actions a matter of necessity. The paper's main focus is on the free movement of goods, capital, labour and services. It is argued that these movements will induce a process of fierce fiscal competition in which an inverse redistribution from the poor to the rich will emerge, where consumer protection becomes eroded and environmental standards are overdrawn.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 835.

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Date of creation: Aug 1993
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Handle: RePEc:cpr:ceprdp:835

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Related research
Keywords: Competition Policy; Excess Variety; Foreclosure; Merger Policy; Product Lines; Shopping Costs; Sunday Trading; Switching Costs;

Find related papers by JEL classification:
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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