Dinámica empresarial y consolidación sectorial.

Abstract

I argue that the regulation of industry needs to take into account the causes of the consolidation of thesector rather than be done automatically when few firms control a large percentage of the market. Suchcontrol may reflect processes of innovation and productive efficiency, which benefit consumers, ratherthan the use of anti-competitive measures to prevent new entrants in the industry. For this reason, I defendthe size of the firm and its market power when they reflect a strategic need in reaction to globalizationprocesses and technological changes.