Construct · 1 fields · 1 citations

yardstick competition: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Industrial organization

regulating a firm by tying its allowed price to the costs of comparable firms, giving it an incentive to cut its own costs.

In industrial organization, yardstick competition refers to regulating a firm by tying its allowed price to the costs of comparable firms, giving it an incentive to cut its own costs. This meaning comes from Shleifer (1985) in The RAND Journal of Economics.[1]

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Nearby constructs

incentive4 fields · 5 citationsjingle · one word, four constructs rand1 fields · 1 citationsanchor · a standalone construct

References

Shleifer, A. (1985). A Theory of Yardstick Competition. The RAND Journal of Economics, 16(3), 319. https://doi.org/10.2307/2555560

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