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En esta nota se hace un recuento analítico del proceso de apertura de la economía mexicana en el perído 1985-1987. Se enfatizan los instrumentos de política y las condiciones económicas que facilitaron el ésxito del programa. Finalmente se comentan las perspectivas y riesgos para el...
Persistent link: https://www.econbiz.de/10005262948
En vista de la gran necesidad de disponer de matrices de insumo-producto recientes para todo tipo de análisis económico y, puesto que por el momento no se están realizando esfuerzos por armar una nueva matriz para México, se actualizó a 1990 la matriz de insumo-producto de 1980, elaborada...
Persistent link: https://www.econbiz.de/10008679156
Postwar industrialization has moved Mexico's manufacturing industry toward more polluting activities. Fairly independent of changes in foreign trade policy, this process was induced by expansive public investments in heavily polluting subsectors, especially petro - and agrochemicals. Below -...
Persistent link: https://www.econbiz.de/10005116234
Production costs play a crucial role in competition policy and price regulation. A shared purpose of both policies is to keep prices close to production costs to the benefit of the consumers and of the society as a whole. The problem is that prices are per product and costs are per firm. So, the...
Persistent link: https://www.econbiz.de/10014082759
According to conventional wisdom, monopoly increases price and reduces output; it transfers money from consumers to producers, but consumers lose more than what producers gain; the difference is a welfare loss to society, known as deadweight loss. However, this is a partial-equilibrium story,...
Persistent link: https://www.econbiz.de/10014134952
This is one of a bundle of essays on the economics of antitrust. It is about the way the concept of efficiency is dealt with in competition analysis and the welfare standard of antitrust. I pay particular attention to Pareto efficiency, what it stands for and what it does not stand for, and its...
Persistent link: https://www.econbiz.de/10012997729
In this article a description is given of what exactly market participants are free to do in a free market, under what conditions market freedom leads to economic efficiency, why a free-market system cannot be expected to lead to socially acceptable outcomes and how competition policy is...
Persistent link: https://www.econbiz.de/10012999895
There are two standard versions for one-shot oligopoly games: the Cournot game and the Bertrand game. The common feature is that in both games the strategic variables are supply curves. Under Cournot the supply curves are vertical lines in price-quantity space, under Bertrand they are horizontal...
Persistent link: https://www.econbiz.de/10013000864
This article is about the interpretation of Nash equilibria of one-shot oligopoly games in competition analysis. Such equilibria are often understood as steady-state equilibria of the corresponding game with continuous interaction between the market players. In my view, such interpretations are...
Persistent link: https://www.econbiz.de/10012965257
Collusion, particularly collusion is in the form of hardcore cartel behavior, is the worst antitrust offense of all. People engaging in such conduct should be punished severely. That is the consensus among antitrust officials. I argue against, that collusion is not that bad as antitrust...
Persistent link: https://www.econbiz.de/10012952451