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discuss ways to address this negative policy development in a globalised world. The distortions identified in the paper would …
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We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
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Information and communication technologies are transforming economies and societies around the world. In this respect …
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