Showing 1 - 10 of 12
WTO members are starting to consider whether and how to develop multilateral disciplines on competition policies. These discussions are taking place in the absence of concerted efforts to compile comparable information on the conditions of competition existing on member country markets. We argue...
Persistent link: https://www.econbiz.de/10005124160
This Paper introduces optimal competition: the best form of competition in an industry that a competition authority can achieve (given the information constraint that it cannot observe firms’ efficiency levels). We show that the optimal competition outcome in an industry becomes more...
Persistent link: https://www.econbiz.de/10005789187
This paper explores options for governments of Central and East European countries to increase the sensitivity of competition law enforcement to trade and investment policy, thereby supporting a liberal trade policy stance. The competition laws of these countries tend to resemble European Union...
Persistent link: https://www.econbiz.de/10005661797
This paper assesses the coherence between industrial policy, competition policy and trade policy in the European Union (EU). This assessment is undertaken from the perspective of the optimal deployment of economic policies as prescribed by economic analysis and takes into consideration the legal...
Persistent link: https://www.econbiz.de/10005661867
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427
We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …
Persistent link: https://www.econbiz.de/10005124135
The paper studies the impact of market integration on investment incentives in non-competitive industries. It distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a national regulator in a common market made of two...
Persistent link: https://www.econbiz.de/10005012490
technology (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive …
Persistent link: https://www.econbiz.de/10011083592
television regulation in light of these developments. It surveys the dismal empirical record on the effects of price regulation …
Persistent link: https://www.econbiz.de/10011084592
The aim of this Paper is to evaluate simultaneously market power and the incentives faced by carriers to improve efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and estimate a model that includes demand, capacity, and cost...
Persistent link: https://www.econbiz.de/10005667136