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Periodical article | Leiden University catalogue | WorldCat |
Title: | Anti-Monopoly Policy and the Structure-Conduct-Performance Paradigm: The Kenyan Approach |
Author: | Vyas, Yash |
Year: | 1994 |
Periodical: | Eastern Africa Economic Review |
Volume: | 10 |
Issue: | 1 |
Pages: | 11-38 |
Language: | English |
Geographic term: | Kenya |
Subjects: | monopolies economic policy Economics and Trade Law, Human Rights and Violence |
Abstract: | The Kenyan antimonopoly policy as expressed in the Restrictive Trade Policies, Monopolies and Price Control Act, 1988 is greatly influenced by the structure-conduct-performance paradigm. The neoclassical economic analysis of business structure, its conduct and performance provides a rationale for government regulation of competitive conditions. This paper discusses the concepts of firm structure, market structure, market conduct and market performance and the causal relationship between them, in the context of the structural characteristics of the economic models of perfect competition, monopoly, monopolistic competition and oligopoly. It also critically examines various approaches to the problems of monopoly. After evaluating the main provisions of the Act, the paper argues that Kenya's antimonopoly policy adopts a combination of elements derived from structural, conduct and performance approaches. Notes, ref., sum. |