fairly unchanged. For a calibration capturing alternatively European and the U.S. labor markets, a deregulation episode …

1. Several market failures would justify some forms of price control and entry regulation in the taxicab industry … regulation to changing market conditions. Hence, faced with a sclerotic service supply, several cities and countries have … thoroughly deregulated their taxi industry... only to gradually bring back some elements of regulation later on. Since the late …

to pay men a premium, in line with Becker's theory. Penetration of foreign products in the domestic market triggers a … by the theory. …

displays solid microeconomic foundations, (b) it is a highly synthetic theory, which combines in a unified framework general … equilibrium, nonclearing markets, imperfect competition, growth theory and rational expectations, (c) it is also an empirical …

elasticities. In this paper, we show that higher estimated trade price elasticities, more in conformity with theory, can be …