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Wettbewerb und Leistung auf zwei ungewöhnlichen Märkten

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  • Dennis C. Mueller

Abstract

This article argues that the European Union needs more competition in the market for corporate control and in the academic market. Evidence is presented of poor investment performance by Continental European companies relative to companies in Anglo‐Saxon countries. The article claims that an important reason for this is that hostile takeovers are much easier to undertake in the Anglo‐Saxon countries. Evidence is also presented regarding the underfunding and lack of competition among universities in Continental Europe relative to the United States. To improve the quality of Continental European universities they need to have more resources. These can be obtained by charging higher tuition fees for university education and through greater emphasis on alumni contributions. In addition, Continental Europe needs more competition among universities for both students and faculty.

Suggested Citation

  • Dennis C. Mueller, 2007. "Wettbewerb und Leistung auf zwei ungewöhnlichen Märkten," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(S1), pages 133-140, April.
    • Handle: RePEc:bla:perwir:v:8:y:2007:i:s1:p:133-140
    DOI: 10.1111/j.1468-2516.2007.00246.x
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    References listed on IDEAS

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    1. Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(4), pages 351-351.
    2. Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(2), pages 110-110.
    3. Gugler, Klaus & Mueller, Dennis C & Yurtoglu, B Burcin, 2004. "Corporate Governance and the Returns on Investment," Journal of Law and Economics, University of Chicago Press, vol. 47(2), pages 589-633, October.
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