This article investigates price asymmetry by using an almost complete sample of Taiwanese industries to see whether output prices respond faster to cost increases than they do to decreases. In contrast with the earlier literature, the evidence shows that positive price asymmetry cannot be...

This paper investigates Taiwan's development strategy from both demand-side (policies that bias production incentives against domestic market demand and toward exports) and supply-side (policies that favour tradable against service or non-tradable sectors) perspectives. In the early stages of...

This article uses cross-country data to empirically investigate through which channel legal origin can influence antitrust effectiveness. The evidence shows that the adaptability channel (legal flexibility) is more important for explaining antitrust effectiveness than the political channel...

This paper investigates the channels through which institutions may have an effect on market competition. The main result of the investigation is that there is a strong and robust relationship between institutions and market competition: economies with better institutions are much more likely to...

With the use of data from Taiwan's flour market, this article studies the impacts of wheat import quotas and flour price ceilings on the market. The evidence indicates that flour prices were set above competitive equilibrium levels during most of the regulation period. The high prices and profit...

This paper investigates the relationships among the competition authority's independence, antitrust effectiveness, and institutions. The evidence suggests that the authority's effectiveness is empirically associated with the independence. However, it is the de facto and not de jure independence...