After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

identify where moral behavior is reflected in a market. Recent work has suggested that falling prices in markets with … by presenting an experimental study where we let buyers and sellers interact on a double auction market. In one set of … with an externality, but that market prices are hardly different between markets with or without an externality. We also …

governments delivering on their core tasks in a market economy. In some economies, a neglect of core tasks can be observed and …

, consistent with economic norms theory, higher levels of market-capitalism are associated with less anti-American terrorism … and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti …, whereas the process of marketization fuels it. This suggests that interest groups that have benefitted from the pre-market …

long as the seller conserves. This contradiction implies that the market for conservation cannot be efficient and … conservation is likely to fail. A leasing market is inefficient for similar reasons and dominates the sales market if and only if … the conservation value is low, the consumption value high, and the buyerś protection cost large. The theory explains why …

capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis …), arguing that the existence of an active stock market is a necessary, but by no means sufficient condition for the development …

consider improvements to market design and regulation as these two energy markets become increasingly interlinked. …