Plattformbasierte Ökosysteme haben im Kartellrecht besondere Bedeutung erlangt. In der Arbeit entwickelt der Autor ein kohärentes Verständnis dieser Ökosysteme, indem er die technischen und ökonomischen Zusammenhänge sowie die wettbewerblichen Besonderheiten herausarbeitet. Er zeigt, dass...

This paper is about quality decisions in a vertical structure where competitive producers sell to powerful retailers. Specifically, we focus the analysis on the role played by a tour operator on quality investments when distributing the capacity of a given tourist destination. We emphasize the...

U. S. insurers have achieved their strong position in the world insurance industry primarily through servicing demand in the large domestic markets. Future growth will require U.S. insurers to cultivate a more international focus. The next decade is likely to bring significant changes in the...

Religious participation is much more widespread in the United States than in Europe, while Europeans tend to view sects more suspiciously than Americans. We propose an explanation for these patterns without assuming differences in preferences or market fundamentals. Religious markets may have...

This note examines the implications of digital innovation for market structure and attendant policies, including financial and competition regulation. There have been several surveys of regulatory responses. This note takes a step back, to look at what the economic theory of banking and...

Madagascar is an island nation located in the Indian Ocean off the south-eastern coast of Africa, and the fourth-largest island in the world. Despite the country's extensive economic opportunities and expansive natural resources, real GDP per capita is one of the lowest in the world. This...