efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and …

process of competitive deregulation. We find that deregulation should induce more price competition. In turn, this will affect …

In this Paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial …

We study the effect of entry on costs and competition in the Portuguese mobile telephony industry. We construct and … effort. We show that failure to account for cost reducing effort leads to biased estimates of competition in the industry. We … significant cost reductions, and fostered competition. …

local network externalities, in contrast to global network externalities, don't necessarily sharpen competition. Then we …

potential to increase the intensity of competition as well as to act as a channel for technology transfers. One would expect …) enjoy higher levels of efficiency and have the potential to generate positive spillovers. At the same time, the entry of …

shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …

that competition does not guarantee that exchanges choose welfare maximizing trading rules. In some cases, welfare is …

risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition … and gas. The Paper argues that there is unfinished business in the areas of regulation, restructuring, encouraging proper …. Restructuring is problematic, requiring forceful competition authorities with a clear agenda to achieve desirable structural reforms …