). We also conclude that some consolidation is required in the production of satellites. In both cases it seems that …

of unions is more on equity rather than efficiency. …

cartel pricing, airline prices in Europe might come down more gradually as efficiency increases and market niches are … the other hand, significant monopoly power is identified in domestic markets. Given that prices are not high because of …

distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to … MSAs in the United States, we parametrize the model and empirically estimate efficiency, amenities and frictions …

an attempt to manipulate security prices to their benefit. This leads to incomplete risk-sharing, despite the existence … of complete markets and the absence of aggregate risk. When a fiscal union centralizes fiscal policy, security prices can …