Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Economic Policy
The Economic Value Of A Place-Based Resource For Regional Development, Aisling Conway Lenihan, Helen Mcguirk
The Economic Value Of A Place-Based Resource For Regional Development, Aisling Conway Lenihan, Helen Mcguirk
Dept. of Management & Enterprise Publications
Regional economic development has long been acknowledged as an important objective of government policy. Natural resources are also recognised as drivers of economic development. However, the importance of place-based resources such as peripheral coastlines and Harbour areas are less understood. This research provides insights into an industry based on its region’s natural resource and the value it generates for sustainable economic development. Using the world’s second largest natural Harbour region, the current research measures the economic activities associated with the Marine Leisure Industry in Cork Harbour, and estimates the economic impact on the local economy. The research establishes a multiplier …
Is Antitrust's Consumer Welfare Principle Imperiled?, Herbert J. Hovenkamp
Is Antitrust's Consumer Welfare Principle Imperiled?, Herbert J. Hovenkamp
All Faculty Scholarship
Antitrust’s consumer welfare principle stands for the proposition that antitrust policy should encourage markets to produce output as high as is consistent with sustainable competition, and prices that are accordingly as low. Such a policy does not protect every interest group. For example, it opposes the interests of cartels or other competition-limiting associations who profit from lower output and higher prices. It also runs counter to the interest of less competitive firms that need higher prices in order to survive. Market structure is relevant to antitrust policy, but its importance is contingent rather than absolute – that is, market structure …