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Entry of new firms can be difficult or even impossible at capacity constrained facilities, despite the actual cost of entering is low. Using a game theoretic model of incumbent firms’ pricing behaviour under these conditions, it is found that under the assumption of Bertrand competition and...
Persistent link: https://www.econbiz.de/10011258735
regulation of incumbent local telephone carriers. The article suggests that the time is right to shift from a regime of a priori …
Persistent link: https://www.econbiz.de/10005616824
Spectrum reform initiatives in the US and Europe have identified a need to move away from the traditional command and control approach towards flexible and tradable licences and licence-exemption. Current regulatory initiatives are tending to focus on the flexible licensing route, and there is a...
Persistent link: https://www.econbiz.de/10005616861
Keynesianism first to monetarism and then to neoliberalism, and now ‘muddling through’. The deregulation of financial markets … seemed to solve stagflation but only repressed it and resulted into the crisis since 2007. The return of regulation also … causes the return of stagflation: what was repressed before now is into the open again. Re-regulation is required indeed but …
Persistent link: https://www.econbiz.de/10011108214
asymmetries that makes the regulator unable to achieve first best during regulation, is also the cause of deregulation and …Governments dislike poorly performing public firms and often see deregulation and privatisation as a way to improve … privatization failure. The effect on public firm incentives from introducing deregulation as a consequence from choosing a specific …
Persistent link: https://www.econbiz.de/10011113845
privatization, deregulation and liberalization which have occurred in the domestic economies of most developing countries. 2)A …
Persistent link: https://www.econbiz.de/10011259537
European competition policy has been one of the common policies since the beginning of European integration. The European level economic policy coordination and the customs union have required a uniform framework for competition policy covering the whole Community. Nowadays the economic...
Persistent link: https://www.econbiz.de/10011259597
This paper discusses complementarities and tensions between competition policies and consumer protection policies. The paper argues that markets will often supply adequate customer protection without the need for extra public intervention. Special areas where intervention might be needed are...
Persistent link: https://www.econbiz.de/10005260332
Competition authorities carry out investigations and impose legal penalties on firms which are caught infringing the competition law. The rationale of this policy is to prevent firms from distorting free competition in a way that is detrimental to economic efficiency and at the same time to...
Persistent link: https://www.econbiz.de/10009246886
Beginning in December 2004 Google has pursued a new project to create a book search engine (Google Book Search). The project has released a storm of controversy around the globe. While the supporters of Google Book Search conceive the project as a first reasonable step towards unlimited access...
Persistent link: https://www.econbiz.de/10009397206