oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers … types of signalling equilibria are possible. Both are characterised by dispersion and Pareto-inefficiency of the price …/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with higher prices in the …

has a negative or no effect. Education, age, being male, and firm size are all positively related to profit, while young …

would like to make. These payments, so-called flexible entry fees, do not affect the allocation decision of the auctioneer …

benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops …See also the article 'Mean and bold: on separating merger economies from structural efficiency gains in the drinking … a tailored nonparametric model to dissect and distinguish the effects on efficiency of these two evolutions. In …

-based and frequency-based pricing systems are preferred. Second, dividing the cost effects between price and quantity effects … more important from a cost-minimizing point of view than the institutional mode of waste collection. In particular, the bag …, we illustrate that lower administrative costs and a smaller waste quantity are the most important drivers of cost …