The ROBINSON and MARSHALL-LERNER conditions are necessary and sufficient for a devaluation to be successful end are therefore the backbone of the elasticities approach to the balance of payments. These conditions are generalized by taking into account some actual features of modern foreign...

We estimate the pro-competitive effects of Austria's participation in the Single Market after its EU accession in 1995 in terms of firms' market power as measured by the Lerner index, using a sample of 46 industries and 7 industry groups, covering the period 1978 to 2001. In the framework of the...

Post-war European integration is a succession of regime changes: customs union in the 1960s, Single Market and EMU in the 1990s and EU enlargement in the 2000s. Since 1995 Austria as an EU member takes part in the deepening of EU integration (Single Market, EMU and Monetary Union) and...