Market Performance

Market Performance

Market Performance and International Trade Economy

In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Performance: The principal focus of competition policy, market performance refers to the degree to which a particular industry or market meets national objectives for production and allocative efficiency, technical progress, full employment, and promotion of equity in income distribution. Indicators of market performance include the size of gaps between actual and minimum feasible unit costs, price-cost margins, rates of change in output per hour of work, and the variability of employment over the business cycle. Instruments of competition policy –such as taxes and subsidies, international trade policies, price controls, and antitrust regulation –shape market performance through their effects on market structure and market conduct.



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