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that may even exceed the static monopoly price. 2) Honest certification exhibits economies of scale and constitutes a … natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation …
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Prevailing work argues that foreign investment reduces corruption, either by competing down monopoly rents or diffusing … openness to foreign investment has differential effects on corruption even within the same country and under the same domestic …
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natural entry barriers, thereby leading to market concentration and opportunities for monopoly rent extraction. High rents, in …
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Reform of the natural gas industry in Ukraine started a year later than reform of the power industry. Because gas reform had no blueprint, its direction has remained ambiguous. That ambiguity is the result of a conflict between those who advocate vertically integrated, opaque, monopolistic...
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