We consider a vertically related industry and analyze how the total harm due to a price increase upstream is distributed over downstream firms and final consumers. For this purpose, we develop a general model without making specific assumptions regarding demand, costs, or the mode of...

The Profit Elasticity (PE) is a new competition measure introduced in Boone (2008). So far, there was no direct proof that this measure can identify regimes of competition empirically. This paper focuses on this issue using data of Genesove and Mullin (1998) in which different regimes of...

Wanneer de zorguitgaven harder stijgen dan het inkomen dan wordt het steeds<br/>moeilijker om de zorg collectief te financieren. De stijgende zorguitgaven kunnen<br/>dan andere collectieve uitgaven, zoals onderwijs, defensie etc. uithollen.<br/>We bekijken in dit artikel of het gebruik van budgetten, in een...