Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market …'s ability to rationalize production is even more limited if costs are private information to firms. Merger in such markets … generate an efficiency gain associated with the pooling of information. Not only may costs be reduced, the price level and …

transport costs will make it as expensive to buy over Internet as in a conventional store (if a basket of goods is bought it is … some 10 percent cheaper on Internet since transport costs are fixed). …

Standards and technical regulations which govern the admissibility of imported goods into an economy raise costs of … assumptions about the costs and benefits of standards imposed on tradable products by one or both of the countries. …

to influence occupational choice via access to economic resources, differences in costs of schooling, and ability …

information and competence of households, in combination with stiffer competition among firms, will also increase the power of …