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Persistent link: https://www.econbiz.de/10010843391
implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on … competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the …
Persistent link: https://www.econbiz.de/10008485526
Persistent link: https://www.econbiz.de/10005711229
Suppose that a strong and a weak operator compete in a telecommunications market. To terminate a call operators need access to the competitor’s network if the call is off-net. Operators set two-part tariffs and price-discriminate according to termination of a call. Suppose as a benchmark that...
Persistent link: https://www.econbiz.de/10005809842
paper also explores the challenges for policy and regulation that arise because of unbundling and recent, related …
Persistent link: https://www.econbiz.de/10005616682
paper also explores the challenges for policy and regulation that arise because of unbundling and recent, related …
Persistent link: https://www.econbiz.de/10005621357