Equilibrium State Aid in Integrating Markets
We present a model of the impact of state aid on equilibrium market structure and on market performance in an integrating market when the process of integration is driven by consumer inertia. In a partial equilibrium model, it is an equilibrium for governments to grant state aid, even though this reduces common market welfare.
Year of publication: |
2008
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Authors: | Stephen, Martin ; Paola, Valbonesi |
Published in: |
The B.E. Journal of Economic Analysis & Policy. - De Gruyter, ISSN 1935-1682. - Vol. 8.2008, 1, p. 1-39
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Publisher: |
De Gruyter |
Saved in:
Online Resource
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