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@inproceedings{871426,
author = {Krčál, Ondřej},
address = {Brno},
booktitle = {New Economic Challenges, 2nd International PHD Students Conference},
keywords = {Competition; Profitability; Price; Cost; Margin; Relative Profits; Relative Profit Differences},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Brno},
isbn = {978-80-210-5111-9},
pages = {258-262},
publisher = {Masarykova univerzita},
title = {Competition and Profitability},
year = {2010}
}
TY - JOUR
ID - 871426
AU - Krčál, Ondřej
PY - 2010
TI - Competition and Profitability
PB - Masarykova univerzita
CY - Brno
SN - 9788021051119
KW - Competition
KW - Profitability
KW - Price
KW - Cost
KW - Margin
KW - Relative Profits
KW - Relative Profit Differences
N2 - In this paper, we investigate relationship between competition and profitability. We define dynamic and static competition and review economic literature about persistence and sources of profits. Moreover, we compare measures of competition based on profitability and relative profits. We argue that profitability measures are more suitable for firms with similar efficiency and for the long-run studies and inter-industry comparisons. Measures based on relative profitability, on the other hand, are likely to be more useful if efficiency of firms in the industry differs persistently.
ER -
KRČÁL, Ondřej. Competition and Profitability. In \textit{New Economic Challenges, 2nd International PHD Students Conference}. Brno: Masarykova univerzita, 2010, s.~258-262, 426 s. ISBN~978-80-210-5111-9.
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