The current Austrian antitrust law regime has been in force for six years. Experience so far has clearly brought to the fore the strengths and weaknesses of the institutional setup and procedures in place, from which a need for reform may be derived. The latter arises largely from the fact that...

The 2002 amendment of the Cartel and Competition Act introduced a fundamental change in the institutional landscape of Austrian competition policy. Apart from reorganising the institutional level, it will, however, be necessary to overhaul the contents side as well. The fundamentals of a...

We consider strategic trade policy when two firms from two different countries that start out with different production costs compete in prices in a third country, and technology transfer between the two firms is possible through technology licensing. We find that optimal policy when technology...

This paper examines the endogenous choice problem of each firm's price or quantity contract in a mixed duopoly composed of one social welfare maximizing public firm and one relative profit-maximizing private firm. In this paper, we show that unless the degree of product differentiation and the...

Any analysis which limits the causes of the financial and economic crisis to either market failure or to the failure of the state can only be viewed as superficial. The causes are rather a combination of both these factors. Had there been a more clearly defined division between the role of the...

The cash earnings of Austrian manufacturing, estimated by WIFO at 10.3 percent of the turnover in 2008, were close to their long-term average. During the last years, i.a., due to rising cash flows, the equity ratio rose to 38.5 percent in 2007, exceeding for the first time the European average...