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The Fiscal Challenge Of Competitive Markets

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  • Fred Harrison

Abstract

Competition maximises consumer satisfaction but creates a financial problem for enterprises. When prices are competed down to just cover marginal costs, part of the value added by the enterprise is externalised. Government has not been efficient at recycling that value back into the economy, which is why infrastructure is severely underfunded.

Suggested Citation

  • Fred Harrison, 2005. "The Fiscal Challenge Of Competitive Markets," Economic Affairs, Wiley Blackwell, vol. 25(1), pages 20-24, March.
    • Handle: RePEc:bla:ecaffa:v:25:y:2005:i:1:p:20-24
    DOI: 10.1111/j.1468-0270.2005.00534.x
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    References listed on IDEAS

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    1. Masahisa Fujita & Paul Krugman & Anthony J. Venables, 2001. "The Spatial Economy: Cities, Regions, and International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561476, December.
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