, competitive asymmetry, presuming that the competition among the companies is not equal and rivals do not consider each other at …

pay to the infrastructure manager for access to the tracks and how these charges change with increased competition in the … prices per kilometer and increases total output in train kilometers. The regulatory agency reacts to more competition with a … competition in the freight and/or passenger segment is ambiguous and depends on the level of competition. Finally, social welfare …

market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …

equilibrium outcome. Furthermore, depending on the size of the airline network and the degree of airline competition, asymmetric …

market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …

This paper examines competition among commercial banks following deregulation in a small open economy. I jointly … size is important for product differentiation. Following deregulation, bank competition intensifies and cost efficiency …

This paper examines retail competition in a liberalized gas market. Vertically integrated firms run both wholesale … clauses limit the incentives to face-to-face competition and determine segmentation and monopoly pricing even when entry of … new competitors occurs. The development of wholesale trade, instead, may induce generalized entry and retail competition …

labour markets. We develop a model of dynamic efficiency wages and monopolistic competition. Whereas most of the literature … points toward the gains associated to an increase in product market competition coupled with an increased flexibility of the … labour market, we show that even when more product market competition is the policy recommendation, it should be accompanied …