Summary and Conclusion
Little is known about the effects of competition policy. Previous research work, with some of which two of the authors of this study were associated, has either proceeded at a very high level of aggregation or on the basis of case studies. The present study, by adopting an intermediate approach, based upon the data for a large number of firms, some of them affected by competition policy and others not, may be seen as supplementing these earlier studies.
KeywordsCovariance Defend Oligopoly
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