This paper reviews three important issues in the literature on international and intranational risk sharing. First, we … establish a comprehensive se t of stylized facts for consumption risk sharing within and across countries. Consistent with the … output. As pointed to by Backu s, Kehoe and Kydland (1993), this constitutes a violation of complete international risk …

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society. …

Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be … profitable. The profitability depends on the post-merger contest st ructure, the discriminatory power of the contest and on the …

death), hospital utilization, and medical expenditure in Greece during the period 1995 - 2010. The estimates indicate that … increases in the number of hospital days. Real per capita pharmaceutical expenditure increased rapidly during this period, but … 62% of the increase in pharmaceutical expenditure was offset by a reduction in hospital expenditure attributable to …