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improve welfare regardless of spillover levels. Otherwise, there is scope for cross-ownership provided that spillovers are …
Persistent link: https://www.econbiz.de/10011522435
improve welfare regardless of spillover levels. Otherwise, there is scope for cross-ownership provided that spillovers are …
Persistent link: https://www.econbiz.de/10011482905
welfare provided that spillovers are sufficiently large. The socially optimal degree of overlapping ownership increases with …
Persistent link: https://www.econbiz.de/10012945054
welfare provided that spillovers are sufficiently large. The socially optimal degree of overlapping ownership increases with …
Persistent link: https://www.econbiz.de/10012968051
welfare provided that spillovers are sufficiently large. The socially optimal degree of overlapping ownership increases with …
Persistent link: https://www.econbiz.de/10012968865
ignoring market power or when ignoring the impact of incomplete information? Is the welfare loss at the market outcome driven …/ for prices and 1/n for ETS). Increasing n is more effective in reducing the welfare loss due to market power than the one …
Persistent link: https://www.econbiz.de/10005662375
This article provides a systematic analysis of the welfare effects of vertical integration by a monopolist input … variety, excess entry in monopolistically competitive markets, and the welfare effects of vertical integration: Excess entry …
Persistent link: https://www.econbiz.de/10014182907
Persistent link: https://www.econbiz.de/10013348329
Persistent link: https://www.econbiz.de/10014636171
In a standard financial market model with asymmetric information with a finite number N of risk-averse informed traders, competitive rational expectations equilibria provide a good approximation to strategic equilibria as long as N is not too small: equilibrium prices in each situation converge...
Persistent link: https://www.econbiz.de/10010264474