Market power and sustainability: a new research agenda

Katharina Biely*, Steven van Passel

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

5 Citations (Scopus)

Abstract

Perfectly operating markets only exist in theory. Market failures are known to not only inhibit the proper functioning of the market, but also affect sustainability and thus a sustainability transition. In this regard, much attention has been paid to externalities or missing markets, even though these are not the only market failures. In this paper, we argue that market power and its relationship with sustainability has been neglected, despite the fact that, back in 1931, Hotelling indicated the connection between the two concepts. However, research that has been dealing with this connection has not been comprehensive and has only looked at one aspect of sustainability and market power. Due to the rising relevance of market power as well as of sustainability concerns, the connection between the two deserves thorough attention. Accordingly, we propose initiating a new interdisciplinary research agenda to comprehensively analyze the complex relationship between market power and sustainability.

Original languageEnglish
Article number5
JournalDiscover Sustainability
Volume3
DOIs
Publication statusPublished - 8 Feb 2022
Externally publishedYes

Keywords

  • Innovation
  • Interdisciplinary research
  • Market power
  • Resource depletion
  • Sustainability
  • Sustainability transition

Fingerprint

Dive into the research topics of 'Market power and sustainability: a new research agenda'. Together they form a unique fingerprint.

Cite this