Showing 1 - 10 of 1,013
This paper investigates the effects of monopolistic competition onentrepreneurial riskRtaking in a general equilibrium model. In thiscontext, occupational choice of risk averse agents is biased towardsfirm ownership. In this case, the inefficiencies due to the presence ofnondiversifiable risk...
Persistent link: https://www.econbiz.de/10005867628
In a recent paper Mujumder (2004, Economics Letters) argued that only if the industry is a monopoly, we could be certain that the government could use profit tax to make up any shortfall in tariff revenue and also make the consumers and producers better off. We show that this result is not...
Persistent link: https://www.econbiz.de/10005868795
...We rely on Matsuyama (1996, 1999) to study the effects on growth and welfareof non distortive tax/subsidy policies. In particular, we are interested ininvestigating the stabilising/destabilising effects of policies aimed at eliminatingeconomic fluctuations. The focus on stabilisation...
Persistent link: https://www.econbiz.de/10005868961
In 1611 the young Gustav Adolf Vasa ascended the throne of Sweden as Gustav II Adolf. Along with the throne, the king inherited a disastrous war with Denmark, which he ended by signing the onerous Peace of Knäred. The terms included the obligation for Sweden to pay a one million rixdaler...
Persistent link: https://www.econbiz.de/10015206864
The successful deregulation of other network industries like telecommunications and electricity has put increasing pressure on governments to deregulate and liberalize letter markets.(...)
Persistent link: https://www.econbiz.de/10005844436
This paper deals with competition and regulation in the telecommunications sector.
Persistent link: https://www.econbiz.de/10005847983
This paper quantifes regional welfare efects of new transport links, which are going to be established in the framework of Trans-European Networks (TEN).
Persistent link: https://www.econbiz.de/10005852130
We extend the literature on exclusive dealing, which assumes that entry can occur only by installing new capacity, by allowing the incumbent and the potential entrant to merge. This uncovers new effects. First, exclusive deals can be used to improve the incumbent's bargaining position in the...
Persistent link: https://www.econbiz.de/10010320025
In order to analyse the role of competition in the post-trade markets a normative network economic analysis of securities business is provided. The theory of monopolistic bottlenecks constitutes the theoretical reference point for this analysis in order to identify stable network specific market...
Persistent link: https://www.econbiz.de/10010263191
The paper presents a model of a software monopolist who benefits from a lagged network externality arising from consumers' feedback through the so-called bug-fixing effect. That is, the software producer is able to correct errors in the software code detected by previous users, improving her...
Persistent link: https://www.econbiz.de/10010292742