Competition is the driving force that induces private firms to cut costs, to innovate, and to adapt to changes on the (world) market. If domestic markets do not function properly, for example due to heavy cartelization, society is at a loss [...]

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van Bergeijk, P.A.G., Haffner, R.C.G., & Waasdorp, P.M.. (1993). Measuring the Speed of the Invisible Hand: The Macroeconomic Costs of Price Rigidity. Kyklos: international review for social sciences, 46(4), 529–544. Retrieved from