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Consumers are better off if either the number of more cost-efficient firms increases or the costs of the more cost-inefficient firms reduce.
Dr Soumyananda Dinda
University of Burdwan
This page is a summary of: A Note on the Adverse Effect of Competition on Consumers, Journal of Public Economic Theory, June 2013, Wiley,
DOI: 10.1111/jpet.12044.
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