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Local market stabilisation and rivalry

In: Understanding and Regulating the Market at a Time of Globalization

Author

Listed:
  • Hervé Dumez

    (École Polytechnique)

  • Alain Jeunemaître

    (La Maison Française and Nuffield College
    Hertford College)

Abstract

The fact that producers seek to stabilise price and volume competition in local markets does not entail that all means of competition have been removed. Rather, competition focuses on other activities. In such cases, we will refer to the competitive process as one of rivalry rather than competition. Therefore, in what follows, the word competition will primarily refer to situations where producers focus on price and volume in order to gain or defend market share. Rivalry will refer to competition based on other factors, such as customer service, product quality, the preemption of the best production sites, the search for cost advantages over competitors, and improvements in distribution networks.

Suggested Citation

  • Hervé Dumez & Alain Jeunemaître, 2000. "Local market stabilisation and rivalry," Palgrave Macmillan Books, in: Understanding and Regulating the Market at a Time of Globalization, chapter 0, pages 57-73, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-28875-1_3
    DOI: 10.1057/9780230288751_3
    as

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