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Market Power and Foreign Trade: Implications for Competition Policy

In: Creating an Internationally Competitive Economy

Author

Listed:
  • Harry Bloch

Abstract

Competition policy deals with the control of market power, and two approaches have been dominant. First, there have been policies designed to limit market structures that could lead to the exercise of market power, such as the restrictions on monopolization in the US Sherman Anti-Trust Act. Second, there have been policies designed to limit the abuse of market power, such as government controls on the prices set by public utilities and restrictions on certain anti-competitive business practices (for example, the prohibition of price discrimination).

Suggested Citation

  • Harry Bloch, 2001. "Market Power and Foreign Trade: Implications for Competition Policy," Palgrave Macmillan Books, in: Harry Bloch & Peter Kenyon (ed.), Creating an Internationally Competitive Economy, chapter 6, pages 105-121, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-55706-2_6
    DOI: 10.1057/9780230557062_6
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