The paper is concerned with the impact of market research prior to integration, on the structures of noncompetitive industries in integrated economy. The analysis focuses on separated, single commodity, monopolistic markets with stochastic demand. Monopolistic firms are considered in dynamic...

This paper makes a critical review of the introduction of first 3G mobile services and the evolution of market structure. There is evidence in support of to the quot;overbiddingquot; hypothesis, i.e. license fees determined in auctions were higher than ultimately compatible with the originally...

This paper is our first attempt to develop a “Finance-as-Practice” perspective, linking an empirical topic to the question regarding the intermediation / disintermediation dialectic in a MIFID context, as European financial markets are witnessing a major change in their normative structure....

A fundamental policy in the European regulatory framework has been the unbundled access to the local loop of the fixed incumbent operator. European legislation regarding local loop unbundling (LLU) was introduced in 2000 before the adoption of the New Regulatory Framework in 2002. Hence,...

This report updates and extends earlier assessments of quantitative inflation perceptions and expectations of consumers in the euro area and the EU using an anonymised micro data set collected by the European Commission in the context of the Harmonised EU Programme of Business and Consumer...

This short paper considers all possible stakeholders in different stages of a sustainability transition and matches their behavioral features and diversity to policies. This will involve an assessment of potential or expected responses of stakeholders to a range of policy instruments. Following...

The development of inventor networks is characterized by the addition of a significant number of new inventors, while a considerable number of incumbent inventors discontinue. We estimate the persistence of knowledge in regional inventor networks using alternative assumptions about knowledge...

We introduce professional financial advice in households' choice to hold risky financial assets. Consistent with the predictions from a formal model, we present evidence that households' trust in financial advice only matters when their perceived own financial capability is low. Instead, for...