According to the Competition Act, a merger that impedes eective competition signi cantly, in particular by creating or strengthening a dominant postition, shall be prohibited. To decide whether this is the case the authorities need a quanti able model of the relationship between the variables...

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Samuelson (1958) analyses a three-period model, whereas Diamod (1965) considers a two-period model. This difference poses the question whether the insights derived by analysing the simple two-period model carry over in the more complicated three-period case. They do. The Samuelson model (no...

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By replicating Articles 85 and 86 of the EC Treaty the Danish Competition Act (put in force January 1998) constituted a shift from the control principle to the prohibition principle. This is an important improvement from the point of view that regulatory legislation should be designed to give...

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On the possibility of reducing public expenditures on medicine through <p> deregulation. The market for medicine is special in three essential respects: (a) The <p> role of the buyer is divided by three agents: the (informed) doctor, who prescribes <p> the medicine, the public health insurance, which...</p></p></p>

As a main principle, income is taxed when earned. This principle is <p> broken in case of unrealized capital gains (recovered depreciations, unrecorded <p> intangible assets etc.). Such incomes are taxed when realized or the ‘latent tax’ is <p> passed on to the new owner (tax succession). In Denmark,...</p></p></p>

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