We study the cost-effectiveness of a transferable emissions permit system (TEPS) vis a vis a system of emissions standards. Our analysis includes along with abatement costs, the costs of enforcing the system to induce compliance. Further, the analysis considers complete and incomplete...

In October 2002, a substitution reform was introduced in the Swedish pharmaceuticals market. In this paper, the effects of increased price competition due to the reform on the entry of new pharmaceutical products were studied. The results show that the reform did affect the entry behavior of...

Nowadays the reduction or elimination of waste has become a major environmental concern among industrialized countries and a priority for companies. In this work it is carried out a review of the postulates of the classical economic model, existing until a few dates, in connection with the...

This paper entitled "Patent as a motivation of starting a new entrepreneurial activity of high potential" based on a research that was held by the Greek Industrial Property Organization (O.B.I.), investigates the fate of Patents that the organization granted to residents of the country during...

Cartelists operate in an uncertain environment, facing market demand uncertainty and the possibility of being detected by the antitrust agency. We develop a dynamic model in which an incumbent cartel decides whether or not to voluntarily dissolve the cartel based on the observed profit and the...

This paper focuses on the problems posed by the uniform price and market cream skimming in a context in which the incumbent is restricted asymmetric prices and products and analyzes the risks of a graveyard spiral process. We point that the price elasticity of demand, the brand loyalty and the...

Free movement of capital and payments is one of four fundamental principles, whose undisturbed operation is vital for proper functioning of the Common Market. In the first stage of the European Community, this freedom served a rather ancillary function, facilitating the full use of the freedom...

The present paper analyzes the relationship between the criminal offences, the function of the justice system and some of their socio-economic determinants in the case of Greece by estimating their dynamic interactions. The analysis covers the period 1971-2006 and the cointegration methodologies...

Promoting minimum age of employment regulation has been a centerpiece in child labor policy for the last 15 years. If enforced, minimum age regulation would change the age profile of paid child employment. Using micro-data from 59 mostly low-income countries, we observe that age can explain less...

The aim of this paper is to evaluate the impact that the anti-crime program Comuna Segura: Compromiso 100 had on the reporting rate of different types of crimes. This program, implemented in Chile starting in 2001, was very highly criticized and, therefore, was eliminated in 2006. This paper...