English, Article edition: COMPETITION-ACCELERATING PUBLIC INVESTMENTS * TOSHIHIRO MATSUMURA

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/166585
Physical Description
  • article
Language
  • English

Edition details

Title
  • COMPETITION-ACCELERATING PUBLIC INVESTMENTS *
Author
  • TOSHIHIRO MATSUMURA
Physical Description
  • article
Notes
  • We investigate the effects of infrastructure investments that reduce transport costs. We use a spatial model of Salop (1979). It is well known that the number of firms is excessive at free-entry equilibrium (excess entry theorem). We find that the optimal investment level exceeds the ex post cost-minimising level because investments accelerate competition and reduce the number of entering firms; resulting in the improvement of welfare. We also show that, in cases where the excess-entry theorem is true, the desirable policy is the one accelerating, rather than restricting, competition. Copyright Blackwell Publishing Ltd/​University of Adelaide and Flinders University 2005..
  • RePEc:bla:ausecp:v:44:y:2005:i:3:p:269-274
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment