We provide a simple theoretical model to explain the mechanism whereby privatization of international airports can improve welfare. The model consists of a downstream (airline) duopoly with two inputs landings at two airports) and two types of consumers. The airline companies compete...

This paper analyzes the situation in which a national government introduces environmental regulations. Within the framework of an international duopoly with environmental regulations, this paper shows that an environmental tax imposed by the government in the home country can induce a foreign...

This paper studies how different unionisation structures affect firm productivity, firm performance, and consumer welfare in a monopolistic competition model with heterogeneous firms and free entry. While centralised bargaining induces tougher selection among hetero- geneous producers and thus...

Die Herausforderung: Steigender Anpassungsdruck durch die Globalisierung der Märkte Die Globalisierung der Märkte wird in Europa vor allem deswegen als schmerzhaft empfunden, weil sie mehr Flexibilität auf den besonders geschützten Arbeitsmärkten erfordert. Unter Druck geraten vor allem...

Subsidies have become one of the most important instruments for industrial policy purposes in recent years, especially for the purpose of promoting high-technology industries. However, the multilateral rules for the granting of subsidies and the imposition of countervailing duties are still...