In an attempt to reduce high electricity prices in England and Wales the government has reduced concentration among generators and introduced New Electricity Trading Arrangements (NETA). Econometric analysis on monthly data from April 1996 to September 2002 implies support for two conflicting...

A key question in European integration is whether or not the global oil and gas market sector (over the period which includes the oil price hikes of 2001 to late 2007 and the global financial crisis from mid 2008 to early 2009) has been impacted to a greater or lesser extent by major Western...

Our paper contributes to the literature on the relationship between innovation and market power by considering how changes in the intensity of product market competition affect innovation when managerial compensation is a linear function of firm profits. Changes in the intensity of product...

Nuclear energy has been part of the United Kingdom's (UK) energy mix since the 1950's. However, the UK's reactor fleet is ageing and many reactors are nearing the end of their operational lives. As such, the UK is increasingly facing a shortfall in power generation capacity. This shortfall...

This paper shows that an upstream monopolist that sells to competing downstream firms can profitably use exclusive contracts to deter entry even where scale economies are absent. The incumbent monopolist can often place each downstream firm in a prisoner's dilemma by offering downstream firms a...

This paper examines how economic reforms in Mongolia have impacted on international trade for that country. It tracks trade development since the 1991 open market economy decision and provides an outlook for 1997. It captures most of the events, moods and important reform legislation that is...

There is ample evidence supporting the relationships between country risk and historical economic data. This study re-appraises these relationships, by analysing risk scores rather than risk outcomes. The work is successful in providing a basic analytical historical economic performance...