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Die technologische Überlegenheit der marktwirtschaftlichen Volkswirtschaften gegenüber den ehemaligen Planwirtschaften Osteuropas legt den Gedanken nahe, daß technischer Fortschritt keine planbare Größe sein kann, sondern das Produkt individuellen Wettbewerbsverhaltens sein muß. In der...
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offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …
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induces a negative effect on the profits of both media outlets, and increases price competition. Furthermore, the newspaper …
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market (medium term investment), competition becomes fierce. Thus, the efficiency gains from forward trading found by Allaz … investment), competition becomes rather weak. When investment matters, from a welfare point of view the desirability of forward …
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finding is that firms' idiosyncratic efforts and the tendency for competition to equalize profit rates are two sides of the …
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shields the private commercial bank from aggressive competition by these banks. -- banking ; competition ; cooperation : non …
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