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Given various recent antitrust investigations on the retail sector, we deal with uncovering demand systems substitution patterns for a particular market (diapers) to investigate the inter-format competition (supermarkets vs. discounters vs. drugstores). Using the uncovered demand system we...
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Much government policy focuses on improving the supply-side conditions of product rivalry, but policymakers rarely address the potential beneficial impacts of improving the demand-side conditions of rivalry. This paper suggests that focus on such demand-side elements can yield substantial...
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economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates … mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
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