Regulatory reform efforts in a broad range of industries have resulted in increased importance of competitive forces as a means to allocate resources and improve economic efficiency. A number of indicators suggest that such forces have been stronger in the United States than in most other OECD...

he economic concept of networks refers to the structure of agents` interaction as well as to the economic property of positive externalities. This book describes the economics of networks from various perspectives among which are¤ classical approaches, methods derived from physics, theory of...

To attend school is to sign up for a package deal. A single institution provides instruction across a range of subjects; it has particular teachers, facilities, classmates, services, and extracurricular activities. Notwithstanding limited and variable flexibility, a school’s program, overall,...

Economic agents' behavior is affected by their position in a network, either exogenous or endogenous, in which they interact with a subset of neighbours only. The network's links, which may be generated by vertical and/or horizontal relations, or by more complex morphologies, may explain the...