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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
We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed heterogeneously with wealth and talent. In our model, market failure due to...
Persistent link: https://www.econbiz.de/10009246601
We model educational investment, wages and employment status (full-time, part-time or non-participation) in a frictional world in which heterogeneous workers have different productivities, both at home and in the workplace. We investigate the degree to which there might be under-employment and...
Persistent link: https://www.econbiz.de/10005123718
are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for …
Persistent link: https://www.econbiz.de/10005124150
past, not in the future. The Internet fails as a Great Invention because much of its use involves substitution of existing … activities from one medium to another, because much Internet investment involves defence of market share rather than creation of … something of social value, because much Internet activity duplicates existing activity like mail order catalogues, while the …
Persistent link: https://www.econbiz.de/10005124176
intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration …
Persistent link: https://www.econbiz.de/10005136667
Digital goods are bit strings, sequences of 0s and 1s, that have economic value. They are distinguished from other goods by five characteristics: digital goods are non-rival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...
Persistent link: https://www.econbiz.de/10005067419
Many cultural products have the same non-rival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic – societies tolerate monopolistic inefficiency in intellectual property (IP) protection...
Persistent link: https://www.econbiz.de/10005498130
preponderance of Internet and high-tech firms going public. Our results suggest that it was firm characteristics that were unique …
Persistent link: https://www.econbiz.de/10005504679
distribution of content to pay TV and free-to-air broadcasters, and for internet distribution of content. …
Persistent link: https://www.econbiz.de/10011083559