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The transformation of world?s main stock markets into enterprises acting in a competitive environment is in progress and its consequences are not all known. Three strategies are competing with each other: vertical integration of exchange and CSD; horizontal growth of the market share to an...
Persistent link: https://www.econbiz.de/10008501865
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
rules governing incumbent-form conduct to a regime of ex post competition enforcement. …
Persistent link: https://www.econbiz.de/10005616824
Is the United States in full retreat from internationally recognized regulatory best practice? Or is it instead headed toward some different destination – "dancing to the beat of a different drummer"? Where is this likely to lead?
Persistent link: https://www.econbiz.de/10005616666
national regulatory authorities (NRAs) was whether to foster service-based competition in the first phase of liberalisation or … to focus on infrastructurebased competition. The different NRAs chose to head down different roads. This paper analyses … indicates that infrastructure-based competition has a positive effect on innovation. Moreover, infrastructure-based competition …
Persistent link: https://www.econbiz.de/10005786938
Built on the location model, this paper studies the rivalry of two firms in an industry through two-part tariffs. It is found that kinky profit functions are responsible for the coincidence of imperfectly competitive equilibrium and cartelization outcome. A duopoly likely results in higher entry...
Persistent link: https://www.econbiz.de/10010541719
Built on the location model, this paper studies the rivalry of two firms in an industry through two-part tariffs. It is found that kinky profit functions are responsible for the coincidence of imperfectly competitive equilibrium and cartelization outcome. A duopoly likely results in higher entry...
Persistent link: https://www.econbiz.de/10008867255
, depending on the competition-elasticity of CPs' revenues. …
Persistent link: https://www.econbiz.de/10008673514
This paper addresses the question of what options are available to regulate the sector in the near future. In order to answer this question, the paper focuses on the problem of investment and innovation in an ex ante regulated sector. Relying on existing literature, we argue that ex ante...
Persistent link: https://www.econbiz.de/10005790072
products upwards compared to the incumbent. We also assess the impact of competition from an alternative form of technology … (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive impact on …
Persistent link: https://www.econbiz.de/10011206971