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This paper analyses competition in the professions, paying attention to the consequences for the price level and price differentiation in particular. This is relevant not only for the evaluation of competition policy, but also for monetary policy. If enhancing competition is successful, it may...
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openness to foreign competition. The main weaknesses relate to meagre innovation efforts and a stagnating labour productivity … exposure of markets to foreign competition; and strengthening the innovation contribution of the BS industry. …
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