only locally around equilibrium outcomes. Policy is needed because competition deters the socially optimal degree of … find it optimal to implement a targeted subsidy to induce low interest rates and, as a by-product, generate new information …

Competition in many important industries centers on investment in intellectual property. Firms engage in dynamic …, Schumpeterian competition for the market, through sequential winner-take-all races to produce drastic innovations, rather than … through static price/output competition in the market. Sound antitrust economic analysis of such industries requires explicit …

Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …

In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been …

effectiveness, and how the quintessential features of blockchain reshape industrial organization and the landscape of competition … competition, yet the irreducible distribution of information during consensus generation may encourage greater collusion. In …

education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …