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 …

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 …

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. …

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

and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated …We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …

Many utility markets are now being opened to competition, and some regulators have expressed the hope that this will … make the regulation of consumer prices unnecessary. In this paper, entrants offer (differentiated) 'added value', but … level of its costs. This is likely to be the case in the UK's energy industries, but competition may be able to replace …