In traditional Keynesian and neoclassical models, the transmission of product demand changes to the labour market …

advantage of the unique regulatory environment, we propose a structural model of market power and test to what degree … duopolistic competition leads to competitive market outcomes. We find that cellular prices are significantly above competitive, as … terms of various market and organizational structures that might explain competitive behaviour. We find that cross …

This paper studies the impact that capital market imperfections have on the natural selection of the most efficient …

I revisit the relation between aftermarket power and basic market competition. I consider an infinite period model with …

, our paper distinguishes between domestic market niches and competition at the international level, by specifying a product … market power is due to price collusion. In fact, firms compete significantly more than a standard Nash game would suggest. On … cartel pricing, airline prices in Europe might come down more gradually as efficiency increases and market niches are …