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...

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...

...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...

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...

The successful deregulation of other network industries like telecommunications and electricity has put increasing pressure on governments to deregulate and liberalize letter markets.(...)

This paper deals with competition and regulation in the telecommunications sector.

This paper quantifes regional welfare efects of new transport links, which are going to be established in the framework of Trans-European Networks (TEN).

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...

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...

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...