Competition and Productivity: A Review of Evidence

Thomas J. Holmes; James A. Schmitz Jr.

doi:10.1146/annurev.economics.102308.124407

Competition and Productivity: A Review of Evidence

Thomas J. Holmes¹, and James A. Schmitz Jr.²
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Affiliations: ¹Department of Economics, University of Minnesota, Minneapolis, Minnesota 55455, Federal Reserve Bank of Minneapolis, and National Bureau of Economic Research; email: [email protected] ²Research Department, Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota 55480-0291; email: [email protected]
Vol. 2:619-642 (Volume publication date September 2010) https://doi.org/10.1146/annurev.economics.102308.124407
First published as a Review in Advance on May 06, 2010
© Annual Reviews

Abstract

Does competition spur productivity? And if so, how does it accomplish this? These have long been regarded as central questions in economics. This article reviews the literature that makes progress toward answering both questions.

Keyword(s): innovation, market power, monopoly

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2010-09-04

2024-10-03

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Article Type: Review Article

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Annual Review of Economics

Volume 2, 2010

Review Article

Competition and Productivity: A Review of Evidence

Abstract

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