to explain why the Paris Bourse was able to be so successful in spite of the supposedly inefficient monopoly and …

model, monopoly, pricing, size / cover / limits of the market) ? …

Revisiting Rothbardian monopoly price theory and extending it to the realm of factor pricing, this paper explains how … environment. Monopolistic grants to capitalists make for situations where both monopoly of demand for factors and monopoly of …

thanks to the same criteria, to confront eventually the theory and the practice of competition to develop the power …Competition is an efficient alternative to regulation for the power transmission network only for peculiar investments … the inefficiencies due to economies of scale, lumpiness and externalities of network investments is small enough for a …

impact of these two changes on the competition between the exchanges in terms of securities listed, traded volumes and … spreads. We conclude competition among exchanges is a delicate matter and efficiency is not always where one would think. …

ring rather than participating in the grand cartel? We show that in the presence of direct externalities between bidders …

identity independent price externalities while the outcome of the second-price auction is. In contrast, identity dependent … price externalities a ect the outcome of both auction formats. In any case, the second-price auction exacerbates the eff … ects of price externalities. …

In this paper we prove an index formula for production economies with externalities. We allow for non-convexities in …